'The sky's no limit' for Emirates

10/12/2009 - Dubai Investment News
'The sky's no limit' for Emirates

Posted by Bob Brunskill

The security of Emirates airline may be of interest to those with a commercial property in Dubai.

Emirates is set to take delivery of a new Airbus as early as next week.

The company is said to operate a fleet of 141 aircraft, travelling to 62 countries and 101 destinations.

Tim Clark, the airline's president, said: "As one of the world's most profitable airlines, Emirates has always honoured its financial commitments and we continue to progress with our rigorous fleet and network expansion plans."

Delivery of the A380 aircraft will mean the company now boasts six such planes, with this craft set for deployment on its Korea route, flying from December 14th.

Emirates' seventh craft will arrive towards the end of December bound for its Dubai-Paris route, set to fly three-times weekly.

The $1.13 billion finance for the planes came about as a result of two different finance deals, one with the European Export Credit Agency and Citibank, the other through Doric Asset Finance.

Emirates claims that although it has one of the youngest fleets in the air it boasts 400 excellence awards.

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