Tuesday 11 September 2012

FT Alphaville » Emirates is NOT a SOE, OK?

Apparently Emirates boss Tim Clark can say this with a straight face.

From a filing to the Australian Competition and Consumer Commission.

Investment Corporation of Dubai’s ownership of Emirates is a similar arrangement to other airlines worldwide that operate fully commercially and also have a government shareholding (including in Australasia, South East Asia and Europe).
Importantly, ownership does not alter the commercial practices of Emirates, which has a strong history of consistent profitability and dividend payments over more than two decades.

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