Sunday, 1 June 2014

Trouble Down Under for Emirates?

Full article in JPG format:
page 24/25 & page 26

Holding your cards close to your chest is a wise strategy when negotiating commercial partnerships. So it should come as no surprise that Shaikh Ahmed bin Saeed Al Maktoum, chairman of Emirates Airline, appears to have rebuffed Andrew Robb, Australia’s Minister for Trade and Investment, during his recent visit to Dubai.

Robb had met with Shaikh Ahmed, begging bowl in hand, after declaring to Al Arabiya News that he “will explicitly mention” the subject of an equity investment in Qantas. The Australian flag carrier has had an entrenched commercial partnership with Emirates, Dubai’s flag carrier, since last year. The statement was a bold move by the minister, especially given the repeated asseverations by Emirates’ senior management team – also including president Tim Clark – that Dubai has absolutely no intention of pumping cash into its Australian affiliate...