Apr 3, 2024
#3
Sure it's 'owned' by Dubai gov, but there are lots of finance firms that hold interest it via the contracts to purchase/finance planes.
As far as I know, the Al Maktoum family have also spent from their deep pockets into the company, and some individuals in that family have a big say and interest in it.
As far as I know, the Al Maktoum family have also spent from their deep pockets into the company, and some individuals in that family have a big say and interest in it.
#4
roadrunner21 , Aug 27, 2009 7:26 am
Thats easy, Gavin owns it!
Ok jokes apart, EK is owned by Emirates Group, which is in turn a regular company that publishes an annual report
If you find the answer to your question there, please tell us. As with quite a few state owned enterprises, its at times hard to figure out the actual ownership. So to make life easier, think of EK as a state owned carrier. Lots of nations have those.
Ok jokes apart, EK is owned by Emirates Group, which is in turn a regular company that publishes an annual report
If you find the answer to your question there, please tell us. As with quite a few state owned enterprises, its at times hard to figure out the actual ownership. So to make life easier, think of EK as a state owned carrier. Lots of nations have those.
#6
Emirates Airline is part of...
Emirates Group which is wholly owned by...
Investment Corporation of Dubai of which 99.67% is owned by...
His Highness Sheikh Mohammed bin Rashid Al Maktoum , the Prime Minister and Vice President of the United Arab Emirates (UAE), and the Ruler of Dubai.
So in effect, it's a private airline owned by an individual.
Emirates Group which is wholly owned by...
Investment Corporation of Dubai of which 99.67% is owned by...
His Highness Sheikh Mohammed bin Rashid Al Maktoum , the Prime Minister and Vice President of the United Arab Emirates (UAE), and the Ruler of Dubai.
So in effect, it's a private airline owned by an individual.
#7
What about the rumours that Abu Dhabi bailed out Dubai for the $20Bn bond issuance and sale and in return got "something" back?
If the annual report states equity ownership, would that be reflected if Abu Dhabi got some stake? I mean it is a rumour only but anyway...
If the annual report states equity ownership, would that be reflected if Abu Dhabi got some stake? I mean it is a rumour only but anyway...
#9
Quote:
If the annual report states equity ownership, would that be reflected if Abu Dhabi got some stake? I mean it is a rumour only but anyway...
I understand that Dubai has in the last few years overspent and been bailed out by Abu Dhabi who wanted in on the Airline and Airport but were politely told no way.Originally Posted by GigoloArt
What about the rumours that Abu Dhabi bailed out Dubai for the $20Bn bond issuance and sale and in return got "something" back?If the annual report states equity ownership, would that be reflected if Abu Dhabi got some stake? I mean it is a rumour only but anyway...
#11
A read through this link would suggest Abu Dhabi acquired 51% of the airline in return for bailing out Dubai in the financial crisis...
http://www.expatforum.com/expats/dub...line-sold.html
A google search throws up interesting stuff on other companies that Dubai has lost control of which tends not to be deemed newsworthy in the Gulf.
http://www.expatforum.com/expats/dub...line-sold.html
A google search throws up interesting stuff on other companies that Dubai has lost control of which tends not to be deemed newsworthy in the Gulf.
#12
Quote:
http://www.expatforum.com/expats/dub...line-sold.html
A google search throws up interesting stuff on other companies that Dubai has lost control of which tends not to be deemed newsworthy in the Gulf.
That rumor has been going around for a long while.. but that link is hardly a trustworthy source.. just some clowns on a forum..Originally Posted by MarkLHR
A read through this link would suggest Abu Dhabi acquired 51% of the airline in return for bailing out Dubai in the financial crisis...http://www.expatforum.com/expats/dub...line-sold.html
A google search throws up interesting stuff on other companies that Dubai has lost control of which tends not to be deemed newsworthy in the Gulf.
thats like saying http://www.abovetopsecret.com/ is trustworthy because i found it on the intarweb.
#13
jumanji..that's why i said "suggest" - might be true, might be pure speculation. As with all the bail out deals between Abu Dhabi and Dubai we are unlikely to ever discover the hard facts. After all, Dubai has to keep face.
108 (The answer to dearbee's question) 
The Emirates Group is still owned by the Al Maktoum family. I wouldn't say that the company is owned by an individual but it is controlled by an individual family.
Dubai did not get control over the Group (or part of it) in return for the money. As FlyEK pointed out, it is a loan. However, the Emirates Group could serve as a security in case the money isn't paid back.
The Emirates Group is still owned by the Al Maktoum family. I wouldn't say that the company is owned by an individual but it is controlled by an individual family.
Dubai did not get control over the Group (or part of it) in return for the money. As FlyEK pointed out, it is a loan. However, the Emirates Group could serve as a security in case the money isn't paid back.