jetfuel From Australia, joined Jan 2005, 2066 posts, RR: 0 Posted (2 years 2 months 2 weeks 2 days 21 hours ago) and read 1878 times:
Flight Global is reporting Dubai Aerospace Enterprise has cancelled another 30 aircraft from its Airbus orderbook, including 12 A350s. The decision has wiped out Airbus's sales for the first two months of the year, leaving it with a negative net order count for the end of February 2011. DAE's backlog had originally featured 70 A320s and 30 A350s. Last year it slashed seven A350s and 18 A320s from its books.
Where's the passion gone out of the airline industry? The smell of jetfuel and the romance of taking a flight....
jetfuel From Australia, joined Jan 2005, 2066 posts, RR: 0 Reply 2, posted (2 years 2 months 2 weeks 2 days 20 hours ago) and read 1807 times:
I will also ad this is also a reflection of the state of things with Emirates and Dubai.
Dubai Aerospace Enterprise was founded by the Dubai government in 2006 with a $15bn capital base and whilst not directly owned by Emirates, its all sort in the family so to speak. The company's close ties to Emirates exist - both are state owned and headed by Sheikh Ahmed bin Saeed Al-Maktoum
Where's the passion gone out of the airline industry? The smell of jetfuel and the romance of taking a flight....
AirNZ From , joined Dec 1969, posts, RR: Reply 3, posted (2 years 2 months 2 weeks 2 days 20 hours ago) and read 1731 times:
Quoting jetfuel (Reply 2): I will also ad this is also a reflection of the state of things with Emirates and Dubai.
Dubai Aerospace Enterprise was founded by the Dubai government in 2006 with a $15bn capital base and whilst not directly owned by Emirates, its all sort in the family so to speak.
A 'reflection' of the state of what things exactly? Also, let me see if I've got this right....you clearly say DAE is not owned by EK, but yet you are trying to make it so in your mind so that it suddenly becomes definitive. It is either owned by EK, or it's not, so which one are you stating as fact?
jetfuel From Australia, joined Jan 2005, 2066 posts, RR: 0 Reply 4, posted (2 years 2 months 2 weeks 2 days 20 hours ago) and read 1666 times:
Quoting AirNZ (Reply 3): A 'reflection' of the state of what things exactly?
Poorer economic conditions in Dubai. EK is one of the most successful enterprises in Dubai. Abu Dhabi bailed out decadent Dubai by contributing $15 billion to shoulder its debt. This gave Dubai a breathing space for the next 4 years. But the Dubai economy is still recovering from the losses sustained in the late 2000 recession
Quoting AirNZ (Reply 3): It is either owned by EK, or it's not, so which one are you stating as fact?
Consider that for all intents and purposes both are largely owned, via state corporations, by the Government and/or the state. IF anything maybe Dubai has learnt to just be a little more conservative and these cancellations are perhaps a reflection of that change in thinking
Where's the passion gone out of the airline industry? The smell of jetfuel and the romance of taking a flight....
AirNZ From , joined Dec 1969, posts, RR: Reply 5, posted (2 years 2 months 2 weeks 2 days 20 hours ago) and read 1605 times:
Quoting jetfuel (Reply 4): Poorer economic conditions in Dubai. EK is one of the most successful enterprises in Dubai. Abu Dhabi bailed out decadent Dubai by contributing $15 billion to shoulder its debt. This gave Dubai a breathing space for the next 4 years. But the Dubai economy is still recovering from the losses sustained in the late 2000 recession
It might well be they are recovering from the recession, just like every other country is. How is that a specific 'reflection' there as opposed to it also being a 'reflection' in every other country? I don't see the particular point you are trying to make at all.
Quoting jetfuel (Reply 4): Consider that for all intents and purposes both are largely owned, via state corporations, by the Government and/or the state. IF anything maybe Dubai has learnt to just be a little more conservative and these cancellations are perhaps a reflection of that change in thinking
Ah, but you are talking in "for all intents and purposes" and "so to speak"......not in the factual sense you are attempting to portray by opinion only. I mean, using your kind of argument could one, if so inclined, say Boeing are owned by the US govt 'so to speak' considering the amount of govt work they do? IMO you are desperately trying to make some sort of rather benign point simply for the sake of it.
ScottB From United States of America, joined Jul 2000, 6361 posts, RR: 34 Reply 6, posted (2 years 2 months 2 weeks 2 days 19 hours ago) and read 1387 times:
Quoting AirNZ (Reply 5): I mean, using your kind of argument could one, if so inclined, say Boeing are owned by the US govt 'so to speak' considering the amount of govt work they do? IMO you are desperately trying to make some sort of rather benign point simply for the sake of it.
No, there is a valid point he's making. If the ownership of Emirates and DAE is the same or very nearly so (i.e. the Emirate of Dubai/its royal family), the creditworthiness of that ownership is going to affect the ability of those state enterprises to access the capital markets. And if DAE's customer base includes EK and/or other Dubai-based carriers, this also reflects on the economic climate in Dubai.
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