AF022 From France, joined Dec 2003, 2150 posts, RR: 1 Posted (5 years 8 months 1 week 6 days 22 hours ago) and read 1769 times:
It has been posted on the airline route blog that QR will go daily to DOH in the spring. Are they really doing enough business to support this route, or are they just flooding the market with capacity without the need to make money?
Quoting Ojas (Reply 1): Most of them to China. Even EK is going double daily to LOS
All over the world. Qatar is another alternative to DXB. People underestimate the rapid rise of the Nigerian Middle Class and it's need to travel somewhere as a status symbol. The liberal visa rules of UAE, Qatar etc are encouraging Nigerians to fly out.
Quoting Behramjee (Reply 3): From / to LOS for QR, the key markets that they get traffic for are PVG, PEK, HKG, CAN, KIX, SIN and KUL
And believe it or not Europe and New York. Their service is great and the free hotel while in transit is a cinch.
In this period of global economic upheaval there is good news coming out of Nigeria. I found this piece over the weekend but I am unable to attach a link to it. I am still attempting to get a direct link from Merrill Lynch's Research division:
Merrill Lynch Ranks Nigeria World’s Safest Economy
A major boost was given to Nigeria’s quest for foreign investment inflow at the weekend as the country was named the least vulnerable economy in the world, according to a report, Global Economics, compiled by a team of experts from Merrill Lynch.
Merrill Lynch is one of the world’s leading financial management and advisory companies, providing financial advice and investment banking services.
The report, a copy of which was made available to THISDAY at the weekend, was compiled following several data requests from clients of the investment bank for key risk indicators for all major economies including Europe, the Middle East and Africa (EMEA).
According to the statistics, the world’s 10 least vulnerable economies are Nigeria, Mexico, Phili-ppines, Colombia, Egypt, Oman, Indonesia, Peru, China and Russia.
Also, the report identified Australia, Switzerland, Korea, Romania, Hungary, Sweden, Bulgaria, Euro area, United Kingdom and the United States of America as the highest risk economies in the world.
The risk ranking was based on seven indicators and they are - current account financing gap, foreign exchange reser-ves/short-term external debt ratio, private credit-to-Gross Domestic Product (GDP) ratio, and private credit growth, loans to deposits and banks capital-to-assets ratio. Merrill Lynch said the report also addressed all the requests in 62 indicators of the 60 world economies.
According to the report, Nigeria, with a population of 141.41million, was able to record a 7.3 per cent growth in GDP, with its Consumer Price Index hovering at 11.5 per cent, its current account balance, fiscal balance and public debt at 6 per cent, 6.3 and 10.4 percentage respectively.
To determine its external vulnerability, Nigeria’s external debt position was put at 12.9 per cent of the GDP, while external debt /exports ratio was put at 9 per cent. Her forex reserves totalled $60.8billion.
The percentage of Nigeria’s total external debt in relation to the GDP was put at two per cent, total foreign claims is $15.3billion while international claims stood at $13.1billion.
The report stated that the percentage of Current Account Balance plus net Foreign Direct Investment of the Nigerian GDP was 34, Forex reserves/short-term external debt totalled 41, while percentage of export of the GDP was 38 point.
The percentage of private credit of GDP was 43, while the percentage of bank capital to assets, according to Merrill Lynch was 41.
The 10 most vulnerable countries, which are mostly European countries, were said to have exhibited worse balance of payments positions, stretched external debt service ratios and overleveraged financial systems.
“Many of the economies that top our risk ranking have been identified by the National Bureau of Economic Research (NBER) as those that have experienced capital flow bonanzas in the past five years and hence exhibit higher likelihood of economic crisis,” the report explained.
Explaining further on how it put the report together, Merrill Lynch states that: “While we believe that our country risk ranking produces plausible results, one needs to be aware that, as any ranking of that type, it is highly sensitive to the selection of indicators employed. For example, developed countries can probably sustain higher external vulnerability indicators than emerging markets; some Euro area country statistics are possibly misleading given there is a monetary union.”
Expect to see more of Nigeria's 140 million people flying around the world.
It takes knowledge to make a career. It takes wisdom to live a life.