The Dubai government has put AED7.3 billion into Emirates since the Coronavirus pandemic hit to keep the airline flying.
The world’s largest long-haul carrier virtually ceased all travel in March.
And new reports reveal that the airline has been given AED7.3 billion over the last five months from the Dubai government.
And there could be more money on the way according to the documents seen by Bloomberg.
“Any further support will be subject to the airline’s requirements and will depend on the impact and duration of the ongoing Covid-19 situation,” according to the document.
UAE stepping up
Plenty of governments have stepped in to help airlines as they’ve been hard-hit by the pandemic.
Deutsche Lufthansa received billions from the German government and the British gave £1.8bn to British Airways, EasyJet, Wizz Air and Ryanair.
Emirates resumed flying on May 21 after nearly two months on the ground. But the good news is they’re set to resume flights to 80 destinations by September. And they anticipate a full return to their schedule by summer 2021.
The first commercial flight from Israel landed in Abu Dhabi yesterday as a senior US and Israeli officials finalised a historic pact between the UAE and Israel.
The historic deal between Israel and the UAE was announced on August 13. And it’s the first of its kind between an Arab country and Israel for over 20 years. It was also the first flight from Israel to fly over Saudi airspace.
US and Israeli delegations are now keen for this to be the start of future negotiations between the countries.