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Old May 21, 2015, 7:07 am
  #2158  
eternaltransit
 
Join Date: Nov 2013
Posts: 5,454
Originally Posted by FD1971
Maybe, you should also state the ICAO position on those charges and point out what Russia does in case you refuse to follow international law and rely on Russian law.

But I wonder why you did not comment on the 2.3 billion and all the firms surrounding Emirates?
Nothing suspicious, I have to do some work - but of course will come back to address the rest of your post as soon as I find some time.

Although, if the 2.3bn USD refers to the fuel hedge, that has already been discussed in very many posts here - we need Morgan Stanley and the other counterparties to confirm the terms of the derivative transactions such as strike prices and specifics of the margin calls made and how they were satisfied). 4bn simply refers to the notional value of the derivative (such as the market value of the total amount of fuel to be hedged, not the actual losses or profits on the instruments themselves when they were settled/unwound early).
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