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Any Chances That Etihad Takes Over Emirates?  
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 24
Posted (6 years 1 week 14 hours ago) and read 2910 times:

Currently Dubai is experiencing a dramatic drop in liquidity,visitors and the real-estate boom has found a brutal stop,with prices plunging 50% in just three months.
While Dubai has been building sky-scrapers as if there would be no tomorrow,it's neighbour Abu Dhabi has remained relatively cautious. Abu Dhabi has a whopping 850billion $ in cash and has been asked to partly bail our Dubai.
Now the big question : will Etihad take a stake in EK and how big could that stake become ?
The massive orders of EK all of a sudden seem unreal in front of the sudden change of dynamic. Thousands of workers have been fired in Dubai and hundreds of abandoned cars have been found close to the airport ,left by those who had to leave in a hurry.


Please respect animals - don't eat them...
3 replies: All unread, jump to last
 
User currently offlineSsublyme From United States of America, joined Dec 2008, 517 posts, RR: 0
Reply 1, posted (6 years 1 week 14 hours ago) and read 2864 times:

I read an article that such (at least at the time) was not a possibility.

User currently offlineGsosbee From United States of America, joined Jan 2005, 825 posts, RR: 0
Reply 2, posted (6 years 1 week 13 hours ago) and read 2718 times:

Abu Dhabi has all of the oil, but Maktum has the vision. In order to command power, the UAE actually only needs one major airline. However, I see two chances, slim and none and slim just left the building.

User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 24
Reply 3, posted (6 years 1 week 12 hours ago) and read 2637 times:



Quoting Gsosbee (Reply 2):
Abu Dhabi has all of the oil, but Maktum has the vision.

I agree about the vision-but the vision is currently led ad absurdum with half of the appartment-blocks empty and hotels runing at 25% capacity.
Abu Dhabi seems to have a more careful approach .



Please respect animals - don't eat them...
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