Emirates to receive cash injection from Dubai government | News

The authorities of Dubai has provided its backing to Emirates, and will “inject equity into

The authorities of Dubai has provided its backing to Emirates, and will “inject equity into the company” in order to defend it from the effects of the coronavirus pandemic.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai, said the airline was crucial to the strategic pursuits of the United Arab Emirates economy.

“Dubai is totally fully commited to supporting Emirates airways in the latest vital time period,” he added.

More information on any money package will be announced at a later stage.

The Dubai flag-provider grounded the large greater part of its flights past month in response the global lockdown initiated to struggle the coronavirus pandemic.

Emirates is one of the most significant airways in the planet, working the most significant most important fleets of Airbus A380 and Boeing 777 planes.

It has been consistently successful considering that its start in 1985.

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