October 30, 2020

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Dubai has injected € 1.7 billion into Emirates

Dubai has injected € 1.7 billion into Emirates

The capital injection is noteworthy as it was not disclosed by either Dubai or Emirates. CEO Tim Clark said earlier this month that he needed support from the government, which is also the sole shareholder.

Like all airlines, Emirates was hit hard by the Corona crisis. Almost 90 percent of the Airbus A380s are still on the ground, and just over half the normal number of destinations are currently being served.

Emirates now offers a daily passenger flight to Schiphol. Before the corona, this happened up to three times a day. An A380 was used on the route in the first half of August, but it turned out to be too difficult to fill, which means that a Boeing 777-300ER is now coming back to the airport.