Emirates CEO forecasts 'record breaking' financial year
Emirates Airline CEO Sheikh Ahmed bin Saeed al-Maktoum stated the carrier is on-track to report a “record-breaking” financial year for 2011, now that it has repaid a USD500 million bond (Breaking Travel News, 29-Mar-2011). The bond was issued on the Luxembourg Stock Exchange in 2004 on a seven-year term. It was due this month. Sheikh Saeed al-Maktoum added the carrier plans to continue to use a range of options to finance its growth.
Emirates Airline: “The repayment of this bond is part of Emirates overall financing strategy. The results for the first half of the 2010-11 financial year are incredibly robust. We continue to invest our profits in growing the business and our healthy financial position enables us to successfully meet all of our financial commitments and raise financing for future aircraft deliveries,” Sheikh Ahmed bin Saeed al-Maktoum, CEO. Source: Breaking Travel News, 29-Mar-2011.