Emirates Airline President Sir Tim Clark says they are taking a major chunk of its record profits - $2.6 billion for the first half of 2023-24 - and investing it back into the business.
In one of the first major deals at the 2023 Dubai Airshow, Emirates announced an order for 95 Boeing aircraft, costing $52 billion.
These include 55 Boeing 777-9s, 35 777-8s, and five 787s to power its growth plans.
With this latest order, Emirates is also set to be one of the launch customers of the 777-8 passenger variant, with first deliveries expected in 2030.
Speaking to Dubai Eye 103.8's Business Breakfast show, Clark says customers will see benefits in different areas.
Meanwhile, flydubai has placed its first wide-body order for 30 Boeing 787-9s at the Dubai Airshow, diversifying its current fleet of all-Boeing 737 aircraft.
The planes are to be delivered from 2026 and are valued at $11 billion.
Clark also spoke about flydubai's growth and how their plans are great for Dubai.
Flydubai currently operates an efficient single fleet-type of 80 Boeing 737 aircraft and has an order backlog of more than 130 Boeing 737 MAX aircraft to be delivered by 2035.
Q Mobility, Abu Dhabi’s leading public parking operator, and Parkin Company, Dubai’s largest provider of public parking facilities and services, have signed a Memorandum of Understanding to strengthen cooperation.
The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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