Actually, thanks in part to economic aid from the US and in part to the limited oil drilling in that country, they do have the resources. Besides, since when has any country decided not to buy something because they didn't have the money. Look at our own government. We just added $400B is spending and we already
had a $300B budget shortfall this year...
The more enlightened Gulf States are turning to alternatives to oil, which won't last forever, trading hubs, tourism, IT to name a few.
Qatar and EK are now where Cathay and SIA was 20 years ago, dream on if you think it's only going to produce white tails.
You're absolutely right. And Qatar is doing just that, in addition to the limited manufacturing they already have there. Oil is not their only product. If it were, I'd be very
cautious about financing them in any way, were I Boeing or Airbus.
You're right. Boeing has had a significant backlog reduction. They can't afford to turn anyone down. They need to generate revenue, and quickly, even if they sell an aircraft at a loss. Better to sell at a slight loss than build nothing and lose everything.
Those who fail to learn history are doomed to repeat it in summer school.