Emirates plans large order at Farnborough
Dubai, June 23, 2010
Dubai's Emirates Airline will place a large plane order at the Farnborough Air Show in July, the emirate's ruler has said.
Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, in an interview with CNN, said Dubai Airport's continued expansion, in addition to a large growth in passenger numbers and tourism, prompted the national airline to invest in more airplanes to keep pace with developments.
In response to a question about the secret behind the Emirates Group's $15 billion business deals following the events of 9/11, as well as the recent $11.5 billion A380 Airbus purchase during the global financial crisis, Sheikh Mohammed said that opportunities arise out of crises.
He reiterated that Dubai will overcome the challenges posed by the global financial crisis.
Details of the the interview, which will be aired in full on CNN on July 25, were published Sheikh Mohammed's official website. - TradeArabia News Service