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-   -   Is Emirates a financial scam? (https://www.flyertalk.com/forum/emirates-skywards/1627541-emirates-financial-scam.html)

iahphx Mar 16, 2015 4:29 pm


Originally Posted by edy4eva (Post 24514675)
And here's an interesting report from December when this theatre attack all began, not sure if it was referenced earlier.
http://centreforaviation.com/analysi...ng-them-192141

Specifically, and among the fact-laden report (no pun intended):

Something that was mentioned earlier regarding funding for aircraft.

I think this is a worthy read and will find a lot of parallels with what many of us have picked on in this thread.

The financial threat to the Big 3 US airlines is indeed rather modest (at least for now). But that doesn't mean they shouldn't stop this nonsense right in its tracks.

When what otherwise would be three small airlines become half the order book for worldwide widebody deliveries, you have to start fighting. And it's more than principle. India will otherwise eventually become a good air market for the USA carriers -- just like China did. The inability to feed European carriers is already costing them real money. And as more and more subsidized widebody flights arrive in the USA, other Asian markets will feel the pinch. Yes, many of those routes aren't very logical to fly with Emirates, but everyone has their price.

Xlr Mar 16, 2015 4:34 pm

Based on the wording in the gulf news article, they will not be at the same event. Regardless, tomorrow (Tuesday) shall be an exciting day.

DYKWIA Mar 16, 2015 4:40 pm


Originally Posted by iahphx (Post 24517184)
The financial threat to the Big 3 US airlines is indeed rather modest (at least for now). But that doesn't mean they shouldn't stop this nonsense right in its tracks.

When what otherwise would be three small airlines become half the order book for worldwide widebody deliveries, you have to start fighting. And it's more than principle. India will otherwise eventually become a good air market for the USA carriers -- just like China did. The inability to feed European carriers is already costing them real money. And as more and more subsidized widebody flights arrive in the USA, other Asian markets will feel the pinch. Yes, many of those routes aren't very logical to fly with Emirates, but everyone has their price.

Terrific insight as usual.

"If the big airlines didn't have any planes, they'd be small airlines."

Xlr Mar 16, 2015 4:54 pm

Actually, since EY and QR just copied EK, there would only be one airline.

edy4eva Mar 16, 2015 5:58 pm

In someone's world, the real money is lost while fake money is spent by competitors. In someone's world the history begins tomorrow not 30 years ago, because the 3 decades that passed were just a fantasy. In someone's world, routes that airlines and their cartel partners stopped flying to bygones ago are potential future markets and the established players there are priates.

I referenced DL's quote about how EK is getting B777 using US finance for a reason.
If what he said is accurate and EK is a financial scam, then why didn't the US securities (or whatever governing body) investigate the massive loans taken for the EK purchases? and why didn't these banks seize their property and default the loans?

Either they know EK are a scam but are holding off, in which case they're accomplice in this scam, or they don't know in which case they're a victim of a scam. But hold on, these banks finance not just EK but several carriers and fleet managers around the world, so they should know whether financial statements and relevant documents presented to them are real or not and whether the operations of a carrier seeking finance are valid or not. Therefore they cannot NOT KNOW, and similarly they KNOW EK are not a scam.

The ignorant fallacies that the OP keeps bringing up are unfortunately packed with racial connotations that not only deem the US entities as the greatest on this planet but that non-US entities are thugs. He also attempts to amplify the perceived issues making them sound life threatening where in fact there are no issues to begin with.

You're free to think and say whatever you like, see whatever you like "in the pudding", but packing racial insults shouldn't be one of them. Bar that, I suggest that you seek counselling.

This thread began with a question: Is Emirates a financial scam?
The answer is no.

irishguy28 Mar 16, 2015 6:18 pm

Perhaps the troll should eat that pudding?

I have to say, I was not aware that the mangled form used here is now, apparently, the most commonly used form in American English.

Perhaps its meaning has also become similarly mangled; it certainly appears to have been incorrectly used here.

Xlr Mar 16, 2015 11:11 pm

http://www.nytimes.com/2015/03/17/bu...in-the-us.html
Interesting. I had no idea Orlando had that much international traffic.

Here's two articles today (by the same person!) in the WSJ:
http://www.wsj.com/articles/persian-...u-s-1426557158
http://www.wsj.com/articles/u-s-airl...ers-1426543971

Edit: These are behind paywalls, unfortunately. Let me know if you want the text.

NOIR Mar 17, 2015 4:21 am

I think the bigger problem the US3, and European airlines will face will be Ryanair's future TransAtlantic service. From what I've read they want to link 14 US cities with 14 European cities. That's a potential 196 different routes.

washeelers747 Mar 17, 2015 4:43 am


Originally Posted by Xlr (Post 24518708)
http://www.nytimes.com/2015/03/17/bu...in-the-us.html
Interesting. I had no idea Orlando had that much international traffic.

Here's two articles today (by the same person!) in the WSJ:
http://www.wsj.com/articles/persian-...u-s-1426557158
http://www.wsj.com/articles/u-s-airl...ers-1426543971

Edit: These are behind paywalls, unfortunately. Let me know if you want the text.

Just copy link into google.com then you will able to read full article for free :D Btw, I'm anxious to see if Tim Clark will share additional insight on US3 subsidy war today

NOIR Mar 17, 2015 6:25 am

Who knows the link to the webcast?

Xlr Mar 17, 2015 8:11 am

NOIR: The webcast hosted by Emirates? It is at visualwebcaster.com/emirates

It will redirect to an https page, where you will have to register and log in.


Anyone have access to ATW content? I really want to read this story :D

In an exclusive interview with ATW, Clark likens the US carrier anti-Gulf campaign to a naked lap dancer bursting on the ...
http://m.atwonline.com/open-skies/at...ign-disturbing

GUWonder Mar 17, 2015 8:26 am


Originally Posted by dieuwer2 (Post 24519684)
Troll, be gone!

This isn't really fair. People have different opinions and different dead horses to beat on FT -- for me, it's been DL SkyMiles, TSA and customer-unfriendly positions. The exchanges that follow dissenting opinions on FT actually result quite often in many of us learning more than we would otherwise know; and it provides an opportunity for more to learn more regardless of different opinions and different prejudices.

The position of iahphx on this matter is just a good opportunity to correct misperceptions and address prejudices against all of the ME3 carriers. I'm thankful for the target practice. :D

NOIR Mar 17, 2015 9:40 am


Originally Posted by Xlr (Post 24520047)
NOIR: The webcast hosted by Emirates? It is at visualwebcaster.com/emirates

It will redirect to an https page, where you will have to register and log in.


Anyone have access to ATW content? I really want to read this story :D

http://m.atwonline.com/open-skies/at...ign-disturbing

I found the link earlier, already subscribed, and waiting to see what happens. Thanks anyway:)

NOIR Mar 17, 2015 11:05 am

http://gulfnews.com/business/aviatio...ions-1.1473321

Found this regarding Hogan/Etihad

moondog Mar 17, 2015 11:27 am


Originally Posted by GUWonder (Post 24520111)
This isn't really fair. People have different opinions and different dead horses to beat on FT -- for me, it's been DL SkyMiles, TSA and customer-unfriendly positions. The exchanges that follow dissenting opinions on FT actually result quite often in many of us learning more than we would otherwise know; and it provides an opportunity for more to learn more regardless of different opinions and different prejudices.

The position of iahphx on this matter is just a good opportunity to correct misperceptions and address prejudices against all of the ME3 carriers. I'm thankful for the target practice. :D

It IS fair to call out someone with 30 years of experience in the trade for failing to employ basic analytical skills that most humans pick up by the time they are 14 years old. While I'm not the least bit PC, I must admit that the introduction of race to the issue is what put me over the top.

Incidentally, the bulk of the comments from normal Americans on Yahoo++ seem to reflect the "Delta sucks; give us another option" opinion. If I were an aviation FA, I might take note of such when incorporating the "Americans don't like the Middle East" coefficient into my financial model.


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