It's a big risk, but a noble and impressive one. Say what you want about EK
having money burn, yada, yada, yada . . . EK
is only a part of what Dubai is doing (and this is precisely what worries me about Qatar - it isn't doing what Dubai is). Dubai is transforming itself and has been for the past thirty years. It has planned forward and you can be pretty sure that for every year of EK
's existence, there were people who were only too keen to say, "can't be done"; they said the same about SIA in the late 70s when it ordered 747s and again when it ordered 14 743s in the early 80s. And look now.
Maybe they will need to defer some; it's not as if other airlines haven't, from time to time. Who knows what's ahead; last year, we have no inkling of SARS, but on the other hand, what better way to signal a future; what better way to mark out your vision for your society and your economy than something like this. Such confidence can help to create confidence among inward investors too and it creates a challenge to the Dubai government to ensure the innovation machine keeps churning!
And don't forget, Dubai knows oil wealth is limited; would it be logical to place such a huge order unless is paralleled this with huge developments in Dubai. Make no mistake, Dubai is creating its own future - investing, building and challenging itself. I wish it luck. It deserves it. Great achievement never comes without risk.
And a little message to EK
; you've just spent an eleven figure sum on new airplanes. Do you think you could just spare three A330s a week to Dublin! Ah go on, you will, you will, you will . . .