Emirates Got $2 Billion from Dubai to Survive Crisis Months
- Extent of aid reported in prospectus for state bond sale
- Long-haul specialist Emirates facing slow air-travel recovery
Emirates aircraft at the terminal building at Dubai International Airport.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Dubai’s government has put 7.3 billion dirhams ($2 billion) into Emirates since the coronavirus pandemic brought global air travel to a near halt in March and said it’s prepared to send more help to its flagship airline.
The state indicated earlier in the year it was committed to providing financial support to the world’s largest long-haul carrier, and a bond prospectus seen by Bloomberg shows the extent of the aid provided over the past five months.