Emirates hopeful to see profit this fiscal
On Tuesday, it was confirmed by the head of Emirates that no orders would be delayed by the fat-growing airline orders for new aircraft through at least 2011. The aviation major also expects to turn into profit even as the global downturn decreases demand for global air travel.
It would be worth mentioning that the world's top buyer of the double-decker Airbus A380 is Emirates, which is an important customer for Chicago-based Boeing Co apart from being the biggest hauler of international passengers outside Europe and the United States.
In the fiscal year that commenced last month, the airline is hoping to take delivery of 17 new planes — mostly A380s and Boeing 777s.
While speaking at an interview on Tuesday, Sheik Ahmed bin Saeed al-Maktoum, Emirates' chairman and chief executive, informed that profit is expected to be posted by the carrier in the fiscal year that ended in March 31.
Though he did not mention how much the gain would be he did say that the carrier hopes to do well this year.
New Zealand News
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