Emirates floats idea of listing in London

Emirates floats idea of listing in LondonBy Phil Davies

State-controlled companies in Dubai such as the Emirates airline are being considered for a listing in a move that could raise billions of pounds.The emirate’s finance chief Mohammed al-Shaibani revealed that some of the state-owned companies could also be partially floated on the London Stock Exchange.

“We have a lot of entities here [in Dubai] that can also go public and that should be a fantastic way to raise capital if we need it,” he told The Telegraph.

Al-Shaibani, who oversees the Dubai government’s main investment holding company, said that Emirates, Fly Dubai, Dubai Airports and the emirate’s aluminium smelting company were among a list of government entities that could all be sold to the public at some point to raise funds.

With annual revenues exceeding $21 billion, Emirates is the jewel in Dubai’s business empire and a company that would command a significant premium if its shares were to be partially listed.

By 2020, the company aims to be carrying 70 million passengers a year, nearly twice the number it currently flies.

By that time it will operate a giant fleet of 250 aircraft from Dubai, which will boast two of the world’s busiest airports.

“We are dead serious. I cannot list it [Emirates] now because there is still value to be created there. We don’t want to give away value just like that,” said al-Shaibani.

“Ideally we would like to list here but we also have the option of a secondary listing on the London Stock Exchange, which is very strategic for us because we are the largest shareholders.”

Sourced from Travel Weekly

 


Emirates Holidays appoints new UK GM

By Edward Robertson

Emirates Holidays has appointed Darren Barker as general manager of its UK operations.

His responsibilities include overseeing the long-term growth plans of Emirates’ tour operating office, as well as the day-to-day running of the office.

Before joining Emirates Holidays, Barker was the former director of distribution for Orbitz Worldwide where he oversaw the growth in European ebookers before managing the European white label and distribution business.

Marc Bennett, Emirates’ destination and leisure management (D&LM) division divisional senior vice president, said: “Barker has extensive experience within the travel industry, and he is a great fit for the role of general manager for Emirates Holidays.

“We look forward to the energy and drive he will bring to reaching our growth targets, as we continue to expand Emirates Holidays.”

Barker added: “As the airline’s tour operator, Emirates Holidays extends the quality and experience that Emirates provides in the air, to the customer on-ground at their destination.

“I look forward to working with the team and drive the business towards our growth targets.”

He replaces Fabio Prestijacopo who has been appointed as vice president, business support, Emirates’ D&LM division, based in Dubai.

Sourced by TTG Digital


Emirates Airline firms up order for 50 additional A380s

Press Release by Airbus

Emirates Airline and Airbus have completed discussions and signed the firm contract for 50 additional A380s originally announced at the Dubai Airshow on 17th November 2013. The contract documents were finalised by Tim Clark, Emirates Airline President, during a visit to Airbus’ Headquarters in Toulouse, France.

Tim Clark, President Emirates Airline said on the occasion: “The A380 is our flagship aircraft. It is popular with our customers and delivers results for us in terms of operational performance. That is why we have ordered these additional 50 aircraft, to add to our A380 fleet.”

“This order is a major vote of confidence in the A380. Since delivery of their first aircraft in July 2008, Emirates’ A380 fleet has grown to be the largest in the world with 44 A380s in operation. We congratulate Emirates on this impressive achievement and thank the airline for their continued support of our flagship aircraft. As Tim Clark has often said, “The A380 really is a game-changing aircraft.” commented John Leahy, Airbus Chief Operating Officer, Customers.

Since first entering service in 2007, to date 122 A380s have been delivered, to ten world class carriers. The aircraft flies 8,500 nautical miles or 15,700 kilometres non-stop, carrying more people at lower cost and with less impact on the environment. The spacious, quiet cabin and smooth ride have made the A380 a firm favourite with both airlines and passengers, resulting in higher load factors wherever it flies.


Airbus secures more than £30bn in airshow orders

Emirates Airbus A380 in flight

Dubai-based Emirates wants another 50 A380 Airbus super-jumbo planes

The plane manufacturer Airbus has secured deals for aircraft potentially worth over £30bn on the first day of the Dubai airshow.

The Dubai airline Emirates wants 50 more Airbus A380 superjumbos, in deal said to be worth £14.2bn.

Airbus says that order will protect 2,500 jobs at its UK bases in Flintshire and Bristol.

United Arab Emirates flag carrier Etihad could spend up to £16.7bn on nearly 120 planes, including 50 A350s.

Etihad has placed firm orders for 87 aircraft, with options for another 30.

Doha-based Qatar Airways has also agreed a £600m deal for five A330 freighters, with an option to take a further eight, bringing the potential order total to £1.7bn.

Wings for all the planes are made the Airbus factory at Broughton in Flintshire, which employs over 6,000.

Commentators view the Emirates deal for more A380 planes as significant, as sales of the world’s largest commercial passenger aircraft suffered in 2012.

After initial orders of 30 planes, only nine were sold.

“Emirates has understood from the start that the A380 is unmatched in terms of efficiency, economics and passenger comfort and a true crowd-puller,” said the head of Airbus, company president Fabrice Bregier.

“We value our partnership with Emirates Airlines and are pleased to see this getting stronger each day with their A380s flying.”

AIRBUS ORDERS AT DUBAI SHOW

  • Etihad: 50 A350 XWB, 36 A320neo , one A330-200F, options on another 30 planes – potential deal estimate £16.7bn ($26.9bn)
  • Emirates: 50 A380s – deal estimate £14.2bn ($23bn)
  • Qatar: Five A330 freighters, with option for eight more – potential deal estimated £1.7bn ($2.8bn)

Emirates has already taken delivery of 39 A380 planes, which can carry between 500 and 800 passengers.

The wings for the plane are designed at Filton, Bristol, before being made in north Wales and then shipped to Toulouse in France where the plane is assembled.

UK Business Secretary Vince Cable welcomed the A380 announcement.

“This major new order protects over 2,500 jobs in Filton and Broughton and will also be welcome news for the many thousands more workers employed by companies who supply smaller parts to the aircraft from across the UK,” he said.

“The British aerospace industry is a global leader, second only to the United States. This is one of the UK’s major success stories.

Sheikh Mohammed Bin Rashid al-Maktoum at the opening of Dubai airshow, with Airbus A380 in background‘Flagship’ plane

 The event was opened by Sheikh Mohammed Bin Rashid al-Maktoum of Dubai

Announcing the deal, the chairman and chief executive of Emirates, Sheikh Ahmed Bin Saeed Al-Maktoum, said the A380 remained popular with passengers.

“The A380 continues to be the flagship of our fleet,” he said.

“This latest order will help us meet both fleet expansion and fleet replacement needs.”

However, the biennial airshow has also seen a brisk trade for Airbus rivals, the American plane maker Boeing.

Emirates wants to buy 150 of Boeing’s 777X planes, which will be seen as the main competition to the Airbus A380 when it goes into production by the end of this decade.

That deal is thought to be worth some £47bn ($76bn) alone.

AIRBUS ORDERS AT DUBAI SHOW

  • Etihad: 50 A350 XWB, 36 A320neo , one A330-200F, options on another 30 planes – potential deal estimate £16.7bn ($26.9bn)
  • Emirates: 50 A380s – deal estimate £14.2bn ($23bn)
  • Qatar: Five A330 freighters, with option for eight more – potential deal estimated £1.7bn ($2.8bn)

Sourced by BBC News Wales


Emirates reportedly in talks over ‘substantive’ jet order

Gulf carrier Emirates is reportedly in advanced negotiations with Beoing to buy up to 100 long-haul aircraft.

In an interview with the Financial Times, Emirates president Tim Clark confirmed that talks were taking place.

“We are in a relatively advanced stage of commercial negotiations . . . I think whatever happens there will be a substantive order for the new 777,” he said.

Emirates is likely to unveil details of its plans at next month’s Dubai air show.

According to the FT, Emirates is considering an order of between 100 and 175 of Boeing’s upgraded 777 wide-body jet.

A spokesperson for Emirates declined to comment further as did a spokesperson for Boeing.

Sourced by TTG Digital


Emirates sets out plan to become biggest airline

Emirates sets out plan to become biggest airlineBy Phil Davies

Emirates yesterday outlined plans to become the largest airline in the world by 2020.It aims to fly 70 million passengers in seven years’ time and detailed plans to ensure the right infrastructure is in place in Dubai to support the growth.

Airline president Tim Clark outlined the expansion at a presentation to delegates of Bureau International des Expositions (BIE), visiting the UAE to make their final decision on the host city for the World Expo 2020. Dubai is a candidate city.

He said: “By 2020, we will have more than 250 aircraft serving some 70 million passengers across six continents. It will make us the largest airline on the planet by international passenger traffic.”

Clark added: “However, being the biggest airline in the world is not really the end goal. Our aim has always been to connect travellers from around the world to Dubai, and other destinations with just a single stop via our hub.

“The strategic location of Dubai makes it possible for us to serve almost 90% of the world’s population with non-stop flights, for example our 16-hour Dubai to Houston service on the Boeing 777-300ER, or our 14-hour Dubai to Sydney flight with the Airbus A380.

“Our location is a key advantage. The leaders of Dubai recognised this from the onset, and that is why Emirates is investing in the most advanced long-haul aircraft, and why Dubai has invested over the years to develop its infrastructure for international commerce and tourism.”

More than a third of the world’s population lives within a four-hour flight from Dubai, and two-thirds are within an eight-hour flight.

Emirates currently runs almost 3,200 flights a week to 135 destinations in 76 countries. Since January 2012, it has launched new services to 20 destinations, with three more to be added by the end of the year.

The airline is the largest operator of Airbus A380s and Boeing 777s, with an order book for 53 and 64 more of each aircraft type respectively. By 2020, it will have over 250 aircraft in its all-wide body fleet.

“We plan for the long-term and these plans include working closely with our stakeholders in Dubai including Dubai Airports and the [UAE] General Civil Aviation Authority amongst others, to make sure the right infrastructure is in place to support our planned fleet and traffic growth,” said Clark.

International passenger numbers using Dubai airport almost doubled from 24.8 million in 2005 to 47.2 million in 2010.

The airport handled 57 million passengers from 225 destinations last year, travelling in on more than 140 airlines including Emirates.

Dubai expects to welcome more than 20 million visitors by 2020 and airport infrastructure has been gearing up to meet this demand.

Sourced from Travel Weekly


Emirates’ voted best Airline in Middle East and best in the air experience

Emirates received international honours this month winning the Best in Middle East at the 2013 Airline Passenger Experience (APEX) Passenger Choice Awards for the fourth straight time in Los Angeles and the Best Up in the Air Experience award at the Future Travel Experience (FTE) Awards in Las Vegas.

Voted by passengers, the APEX Passenger Choice Awards recognise airlines for service, products, and innovations across ground experience, catering, cabin service and inflight entertainment. A panel of industry experts selects the FTE Awards, which honoured Emirates’ dedication to providing the best possible inflight experience.

“Emirates is committed to providing passengers with the richest experience possible and to making them as comfortable as possible—on every flight, to every destination,” says Tim Clark, President, Emirates Airline. “We evolve constantly, across the board—from the nuances of our services on the ground to our expansive in-flight products and entertainment—to ensure we remain creative, caring, and engaging for our customers. We thank APEX and FTE for recognising this commitment”

Founded in 1985, Emirates established its commitment to passenger experience early on. Emirates was the first airline to offer complimentary chauffeur drive service to its First and Business Class passengers and in 1992 was the first airline to introduce touch-screen personal video systems in all seats in all classes on every aircraft. Emirates was the first to feature Private Suites in First Class, and its on-board mood lighting to combat jet lag is iconic. After being introduced by Emirates, all these features would go on to become industry standards.

Emirates was also the first airline to allow its passengers to use their personal mobiles while flying, and continues to lead competitors with its on-board offerings. Its award-winning in-flight entertainment system, ice, offers passengers up to 1,500 channels of entertainment and recently the airline introduced capacitive touchscreen technology and even larger screens to its in-seat televisions.

“The passenger experience begins the moment a flight is booked and from that point our goal is to deliver an exceed customer expectations,” said Patrick Brannelly, Emirates’ Vice President Corporate Communications Product, Publishing, Digital & Events, who collected this award on behalf of the Emirates team. “The Emirates team works diligently to ensure every aspect of a passenger’s journey with us is exceptional.”

Earlier this year, Skytrax named Emirates Airline of the Year, and, for the ninth year in a row, the World’s Best Inflight Entertainment

Sourced by Emirates.


Airlines draw up Syria contingency plans

Airlines draw up Syria contingency plansBy Phil Davies
Image via ShutterstockAirlines are drawing up contingency plans to re-route aircraft and absorb higher fuel costs in the event of a military attack on Syria.

A number of long-haul airlines fly through or close to Syrian air space to service other major destinations worldwide and link to key air traffic hubs in Europe such as Heathrow.

Tim Clark, president of Dubai-based Emirates, told The Sunday Telegraph that “contingency plans will be in place should anything happen” in Syria.

Those plans could potentially involve re-routing aircraft away from the area, although he stressed operations will continue “as normal” unless there is a serious deterioration in the situation.

“We are always in a state of preparedness for anything like this and the operations group of the company will have all of this on watch; contingency plans will be in place should anything happen,” Clark said.

Measures may involve shifting flights away from Syrian air space in the event of a military strike.

“If that does happen we will take any measures that we have to, to circumvent the areas,” he said.

An Etihad Airways spokesman said: “We have drawn up robust flight re-routing contingency plans in the event of any airspace being closed to commercial aircraft.”

British Airways said that it would be affected if the country’s airspace and surrounding areas become a no-fly zone.

“We are keeping our operations under review and we would make any changes that would be necessary,” a spokesman said.

Airlines also face a threat from a potential spike in the oil price as a result of the growing tensions in the Middle East.

Analysts at Société Générale are among those predicting Brent crude could surge by more than $30 a barrel if the conflict spreads to disrupt supply from other, more important, oil exporters in the Middle East, according to the newspaper.

Sourced from Travel Weekly


Qantas returns to profit

Qantas returns to profitQantas has returned to the black with its alliance with Emirates almost halving losses on international operations.The Australian airline made a net profit of A$6 million (£3.5million) in the 12 months to June 30 against a loss of A$244 million in the previous year.Qantas’ earnings were also lifted by a A$125 million settlement it received from Boeing after it cancelled 787 orders.

Chief executive Alan Joyce said: “This result shows good progress in the group’s strategy against a challenging backdrop – with high fuel costs and intense competition.”

The underlying loss of A$246 million in its international division represents a near halving of losses compared with last year.

Almost 500,000 Qantas passengers have travelled through Dubai so far.

“Codeshare bookings by Qantas customers on Emirates’ network are running at about twice the level of our previous network to Europe – which included BA, Cathay, Air France and Iberia,” Joyce said.

“We are two years into our five-year turnaround plan for Qantas International – and we are on track towards our target of a return to profit in full year 2015.

“We have restructured Qantas International’s network around a series of global gateways.

“The Emirates partnership is the latest and most important element of this strategy. It gives us a clear network advantage over our competitors to London and Europe and it is performing strongly, in line with our expectations.

“We saw a surge in bookings when the partnership went on sale, reflecting latent demand. Since then bookings have stabilised and continue to be very strong.”

He added that bookings by Emirates passengers on the Qantas domestic network are running at about three times the level of the previous network.

Sourced from Travel Weekly


UK travel at a high for Emirates

Emirates A380 Second A380 Manchester flight for 10 days

July 2013 was Emirates’ busiest month for UK travel in its entire history, the airline has revealed.

UK traffic for the Dubai-based carrier was up more than 13% year-on-year, with almost 200,000 people leaving the UK on its flights.

Services from Heathrow, Gatwick and Glasgow posted record numbers, with Dubai, Australia and Thailand amongst the favourite end destinations.

The carrier also announced it will add a second Airbus A380 daily flight from Manchester to Dubai between 21 September and 30 September. The evening flight will run with the new aircraft, which is already used on its five daily flights from Heathrow.

Speaking to Travel Daily, Laurie Berryman, vice president UK at Emirates said: “Heathrow has performed really well with the five A380s that we are able to fill. The A380 is an amazing magnet and our customers love that the premium seats are upstairs, plus the stand-up bar is really popular.”

He also revealed the airline is seeing an increase in forward bookings particularly for the half term and Christmas holidays.

“Looking forward we can say for the first time that there is more strength and confidence in the economy and people are booking ahead. October half term, Christmas and February half term is getting busy,” he said.

The airline has also announced a new route from Dubai to Sialkot in Pakistan, which it expects will be popular with the visiting friends and relatives market in the UK.

Sourced from Travel Daily


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