Thursday, November 12, 2009

EK continues to grow...

Emirates may look to buy more planes from Airbus and Boeing despite the recession that has prompted many other carriers to cancel and delay contracts.

Airline president Tim Clark said the current fleet was operating “flat out” and existing orders have been allocated to new services, prompting the Dubai- based company to assess the ability of Airbus and Boeing to source extra planes.

“We’re sounding out who’s got more just in case we decide to go ahead,” Clark said in an interview with newswire Bloomberg. “The fleet order we have in place is probably not as big as it needs to be.”

Emirates posts 165% rise in H1 profit

Dubai-based airline Emirates on Thursday said that first half profit more than doubled, boosted by passenger traffic gains and cost cutting.

The largest Arab airline said that net profit rose 165 percent to AED752m ($205m) in the six months ending September 30, from AED284m ($77m) in the year earlier period.

But revenue declined 13.5 percent to AED19.8bn ($5.4bn) in the period, and the company said it could take one to two years before demand for air transport picks up.

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