Mideast carriers ignore economic surroundings and continue growth
The euro zone may be in turmoil, fuel prices may be skyrocketing and their financial results hurting, but Middle Eastern airlines are continuing to add capacity. By 2030, traffic in the region will have tripled, mirroring that of Europe, Asia or North America today, according to Airbus forecasts. Emirates has made a fundamental strategy decision to continue growing despite a rather dramatic earnings slump in the first half of 2011. “We have been held back too many times and we have ...
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