Who owns Emirates?

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Old Aug 27, 09, 6:06 am
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Question Who owns Emirates?

There must be share holders but who owns the majority stakes in this huge airline ?

Thank you very much in advance for answering my question!
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Old Aug 27, 09, 6:18 am
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The Emirates Group which is Wholly owned by the Government of Dubai

Last edited by ash_ak; Aug 27, 09 at 6:25 am
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Old Aug 27, 09, 7:18 am
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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.
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Old Aug 27, 09, 8:26 am
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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.
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Old Aug 27, 09, 11:04 am
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i'm curious as to the reason behind the OP's question.
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Old Aug 28, 09, 5:26 pm
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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.
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Old Aug 28, 09, 6:01 pm
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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...
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Old Aug 28, 09, 11:51 pm
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Originally Posted by FlyEK View Post

So in effect, it's a private airline owned by an individual.
even the govt. of Dubai is owned by an individual
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Old Aug 29, 09, 2:49 am
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Originally Posted by GigoloArt View Post
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...
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.
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Old Aug 29, 09, 4:25 am
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I wouldn't call the money from Abu Dhabi a 'bailout'.
It's a loan with interest. They want the money back.
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Old Aug 29, 09, 5:34 pm
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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.
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Old Aug 29, 09, 11:23 pm
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Originally Posted by MarkLHR View Post
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.
That rumor has been going around for a long while.. but that link is hardly a trustworthy source.. just some clowns on a forum..

thats like saying http://www.abovetopsecret.com/ is trustworthy because i found it on the intarweb.
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Old Aug 30, 09, 4:14 am
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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.
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Old Aug 30, 09, 6:48 am
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how many licks does it take to get to the center of a Tootsie Pop?

the world may never know.
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Old Mar 12, 10, 9:54 am
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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.
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