Friday, 4 December 2009

Emirates Airlines upbeat over debt repayment

Emirates Airlines says it faces no problems in meeting upcoming loan and bond payments, reiterating that it has never had government backing for its debt.

Since its launch in 1986, the fast-growing Dubai-government owned airline has not relied on state support, said Tim Clark, Emirates president.

“Emirates has always charted its own course,” he told the Financial Times. “We don’t see any change; the airline is profitable and our flights are full.”

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