DOCSLIB.ORG

Emirates Group Chairman’S Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Emirates Group Chairman’S Review The Emirates Group Chairman’s Review HH Sheikh Ahmed bin Saeed Al-Maktoum Chairman of The Emirates Group …4th August, Auckland. New Zealand becomes the most easterly destination. Having seen ‘Lord of the Rings’, it was fascinating to discover where it was made. Unforgettable was a Maori haka-powhiri …13th May, Canberra. Came to the welcome at the airport for the double I am delighted to be able to Australian capital to underline our inauguration flights from Melbourne and announce another record year for commitment to this beautiful country. I Sydney. The New Zealand Prime Minister, the Group with a profit of US$ 476 made a presentation to Cabinet Ministers Rt Hon Helen Clark, graciously came to million (Dhs 1.7 billion) on revenues and Members of Parliament. Big interest in greet us at the airport. of US$ 3.8 billion (Dhs 14 billion). Dubai. …16th October, Dubai. I opened the Emirates’ income amounted to …3rd June, Dubai. I was proud to present annual Emirates Commercial Conference. US$ 3.6 billion (Dhs 13.3 billion) 22 MBAs to members of Dnata and The theme was aptly ‘On the threshold of a and Dnata’s turnover was US$ 298 Emirates staff. dream’...later in the week presented million (Dhs 1.1 billion). …16th June, Paris. We stunned even the Chairman’s Award for Sales Excellence to Before we examine the ‘been-everywhere, read-the-book, Maria Almeida. statistics of this very healthy community’ of our media friends by …7th December, Dubai. HH Sheikh report, I would like to acknowledge announcing the biggest aircraft order in Mohammed opened the new Emirates the expertise and experience of history. HH Sheikh Mohammed made a Aviation College and the Emirates - CAE our staff and management who special visit to the Paris Air Show to be Flight Training Centre. It was a whistle-stop have invested an enormous amount with us at the signings, in the Airbus and tour but we saw the 14 bays with the four of creative time and been so Boeing pavilions, of the orders for US$ 19 full-flight simulators for third-party work innovative with their resources billion (Dhs 69.7 billion). This makes a total already busy. These are outside the during the year. The Group now order book worth US$ 26 billion (Dhs 95.4 simulators exclusively used by Emirates. numbers over 22,500 and it has billion). The TV and press did us proud the …8th December, Dubai Air Show. Another been my privilege to meet next day with huge headlines. big headline for us, the media turned out thousands of my colleagues both in …15th July, Moscow. The Russian capital is in force to hear me announce the choice of Dubai and around the network now our most northerly gateway…we Engine Alliance as the power plants for our during the year…one of the high celebrated the inaugural with a gala dinner second order of A380s…they will now be spots of being the Chairman of this and a concert by Leo Sayer…it’s only five the engines for the total A380 fleet of 45 extraordinary company. hours from Dubai. aircraft. To give you an insight into the …26th July, Dubai. Presented Mabrouk …12th January 2004, Dubai, Mina various activities around the world, Awards, including one to Dnata Operations’ A’Salam. Discussed soccer with Franz here are a few jottings from my cleaner, Gopinath Koovot, who returned a Beckenbauer at the lunch to announce the business diary. wallet containing Dhs 50,000 which he German football legend coming on board found in a locker while cleaning the to be our spokesman for sport and soccer, aircraft. during and including the run-up to FIFA 6 The financial year will see the airline increase its capacity by 26% and open new routes to the USA, China and Europe. A Maori welcome at Auckland. World Cup 2006, which Emirates is The exceptional growth of the airline US$ 500 million (Dhs 1.8 billion). This is the sponsoring. means that we have many newcomers, largest ever unrated Eurobond issue by an …23rd January 2004, Brisbane. Started the particularly on the flight deck and among the airline and we are very pleased to receive this year with another visit to Australia...this time cabin crew. It is indicative of the spirit of the major endorsement from the international Brisbane as we inaugurated a new daily Emirates Group and the friendliness of Dubai investment community. service. Flew around Queensland and other itself, that they have quickly become an I note that IATA is forecasting worldwide states in a chopper to view this picturesque integral part of our family. growth of 7 to 8% in passenger traffic in 2004 country, travelling over rain forests, coastal But the Group does not stand still and our and a number of major carriers reported a resorts and inland sites. We are looking for a organisational structure was enhanced during definite pick-up in business in the third and suitable location for a new Al Maha type the year to cope with future challenges. The fourth quarters… which augurs well for the hotel. Returned from Sydney to try the new restyled corporate management mirrors the future of the industry. First Class product, with the mini suites, on airline’s development into a global airline and For the Emirates Group, the financial year our non-stop A340-500 service. Dnata’s growing activities, and the advance of will see the airline increase its capacity by talented and highly-qualified UAE nationals 26% and open new routes to the USA, China In last year’s report I predicted “...the into top management positions. In fact, UAE and Europe, while Dnata will continue its Group will continue its bullish ways for the nationals now constitute 23% of our winning ways with a new lease of life to boost 2003/4 financial year and I am expecting yet management at Vice President level and above. services to customers. The Group as a whole another record year”. As usual, we managed to buck the trend has contributed to the Dubai economy, I would not like to claim that my crystal of a travel industry which stagnated, at best, US$ 1.5 billion (Dhs 5.5 billion) in direct ball is always as accurate as this, but I have for the first three to four months of 2003 with expenditure and another US$ 2.2 billion learnt over the years that the recipe for our the aftermath of SARS, the conflict in Iraq (Dhs 8.1 billion) in indirect expenditure. continued success remains the same: the and the weak global economy. I am pleased to announce a bonus for all exploitation of Dubai’s location as a global Thanks to a vigorous cost-cutting drive our employees and a dividend of US$ 90 hub, and equally the exploitation of the and robust marketing, by early summer we million (Dhs 329 million) to be paid to the government’s visionary development were back on track. ownership. programme which is well on the way to The Group has continued to prosper and As always, I would like to end this review establishing Dubai as the world’s leading city we have not been tempted to compare by thanking our staff for their unstinting state, for commerce and tourism, of this new ourselves with other airlines or travel efforts to build Emirates into a global airline century; our multi-billion dollar investment in organisations. We have not joined any and to retain the excellent reputations of new equipment and, crucially, the skill and alliances nor followed any ‘guru’s teachings’ Dnata and our Associated Companies. dedication of our team. and have simply knuckled down to winning It is rare for a Chairman in the volatile more supporters by offering them quality aviation industry to be able to retain the same products. senior management over a lengthy period, The financial year ended on a high with the but in Dnata and Emirates most of my successful conclusion of our first international colleagues at divisional level have been with bond issue (listed in Luxembourg) which was us for 10 years or more. oversubscribed by 25% and closed at Ahmed bin Saeed Al-Maktoum 7 The Emirates Group Vice-Chairman and Group President’s Review Maurice Flanagan CBE, Vice-Chairman and Group President Allow me the indulgence of a complex of airport facilities, opening in (but not pay) and a bold approach to the personal note, but one which I 2007 and raising the airport’s capacity future. Therefore in June, Emirates know comes on behalf of all of us from the present 25 million to 70 million announced the biggest-ever aircraft order in the Emirates Group. We are passengers a year. I was, therefore, of US$ 19 billion (Dhs 69.7 billion) which particularly blessed to have as our proud to be present when the French many of my colleagues in other airlines Chairman His Highness Sheikh Minister of Transport and Tourism, considered incomprehensible. They did not Ahmed, for whose hands-on Monsieur Gilles de Robien, installed His know what we know. That secret is Dubai, leadership I am - we are - truly Highness as Commandeur de l’Ordre de with current and projected mega-plans, all grateful every day that passes. la Légion d’Honneur in recognition of his self-sustaining Dubai-style, which act and Sheikh Ahmed not only directs the role in strengthening ties between France will increasingly act, as powerful magnets world’s fastest growing airline and the UAE. for tourism and all forms of business group but is also President of the traffic.
Load more

Recommended publications
  • Investment Corporation of Dubai and Its Subsidiaries
    Investment Corporation of Dubai and its subsidiaries CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 Investment Corporation of Dubai and its subsidiaries CONSOLIDATED INCOME STATEMENT Year ended 31 December 2013 2013 2012 Notes AED’000 AED’000 *(Restated) Continuing operations Revenues 39 178,262,800 150,990,148 Cost of revenues (145,651,253) (123,141,479) ————— ————— 32,611,547 27,848,669 Other income 3 5,169,751 4,459,073 Net gain from derivative instruments 48,345 181,176 General, administrative and other expenses (15,889,389) (13,881,252) Net impairment losses on financial assets 4 (4,984,691) (3,801,175) Other finance income 5 764,400 904,739 Other finance costs 6 (3,520,715) (2,496,589) Share of results of associates and joint ventures 15 2,497,841 2,620,836 ————— ————— PROFIT FOR THE YEAR BEFORE INCOME TAX FROM CONTINUING OPERATIONS 16,697,089 15,835,477 Income tax expense 7 (895,563) (984,833) ————— ————— PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS 15,801,526 14,850,644 Discontinued operations Profit for the year / period from discontinued operations 23 (a) and 23 (c) 1,790,945 1,618,989 ————— ————— PROFIT FOR THE YEAR 8 17,592,471 16,469,633 ═══════ ═══════ Attributable to: The equity holder of ICD 14,591,403 13,973,267 Non-controlling interests 3,001,068 2,496,366 ————— ————— 17,592,471 16,469,633 ═══════ ═══════ * Certain comparatives as disclosed in note 2.3 have been restated due to the adoption of IFRS 10 by the Group. The attached notes 1 to 42 form part of these consolidated financial statements.
    [Show full text]
  • Aviation Week & Space Technology
    STARTS AFTER PAGE 34 Using AI To Boost How Emirates Is Extending ATM Efficiency Maintenance Intervals ™ $14.95 JANUARY 13-26, 2020 2020 THE YEAR OF SUSTAINABILITY RICH MEDIA EXCLUSIVE Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa.
    [Show full text]
  • IT TAKES a WORLD the EMIRATES GROUP ANNUAL REPORT 2012-13 HIS HIGHNESS SHEIKH MOHAMMED the United Arab Emirates Attaches Great and Patriotic Spirit
    IT TAKES A WORLD THE EMIRATES GROUP ANNUAL REPORT 2012-13 HIS HIGHNESS SHEIKH MOHAMMED The United Arab Emirates attaches great and patriotic spirit. Such achievements importance to the travel and tourism sector. allow us to aspire to higher standards of BIN RASHID AL MAKTOUM It is an integral part of implementing the development and retain a positive outlook VICE PRESIDENT AND PRIME MINISTER country’s strategy for building a sound in order to sustain our on-going growth. and sustainable economy. The industry, OF THE UAE AND RULER OF DUBAI in the UAE, has been built with a solid Since its inception, the Emirates Group foundation focusing on high standards and has played a vital role in turning this class-leading excellence, resulting in the country into a prominent international country’s world-class reputation both on a aviation hub, connecting east with west regional and international level. and north with south. The Group’s strong presence in more than 70 countries and This vital sector does not only shape its multinational cabin crew cement the the country’s economy but also UAE’s position as a dynamic nation, contributes significantly to its cultural linking people all around the globe. The and social fabric. Additionally, it Group also succeeded in maintaining provides boundless opportunities in a strategic perspective that allows new markets and strengthens our healthy competition, respects policies trade links with the world as well as of free trade and balances between broadening our cultural understanding. its plans for expansion, need for profitability and sustainability. Hence, Our leading national corporations the Emirates Group sets an ideal model continue to achieve robust results, as a corporation that continues to exemplifying the country’s vision and aspire to higher and better standards of giving all citizens a source of pride innovation and originality.
    [Show full text]
  • Everything but Fly the Planes Our Company
    Everything but fly the planes Our services on the ground keep the world in the air. In 1959, dnata began ground-handling operations with just five staff members. Today, we‟re the world‟s fourth largest combined air services provider with over 20,000 employees across five continents. We provide everything an airline needs beyond its planes, pilots and crews. Our Company - dnata In 1959, dnata was a small ground-handling operation with just five staff members. Today, we‟re one of the largest combined air services providers in the world with over 20,000 employees across the globe. Our vision for the future is to be the most admired - admired for our excellent customer service, our dedication to safety, and our imagination in developing innovative products. Today, our business can be found in 38 countries offering customers our expertise in ground handling, cargo, travel, and flight catering. Our Businesses The dnata group covers just about every aspect of the travel and aviation industry. We don‟t just deliver your baggage or the holiday of a lifetime – we help keep the promises you make to your family, clients and business partners. Ground handling Cargo Travel Flight Catering Careers at dnata India Are you keen to work for an organisation that aims to provide quality products and services to its customer? dnata may be the place for you. As a Group we are successful because we hire, engage and retain talented employees from around the world who match the „people‟ capabilities we need. However, equally important is that these talented employees have their own priorities and career aspirations met as individuals.
    [Show full text]
  • Cargo Pilots: Why Emirates Issue(See If Your Photo Made the Cut, Page 19) Matters to You Page 28 Protect Your Eyes from Laser Attacks Page 33
    SECOND ANNUAL Swimsuit Cargo Pilots: Why Emirates Issue(See if your photo made the cut, page 19) Matters to You Page 28 Protect Your Eyes from Laser Attacks Page 33 December 2012 Air Line Pilot 1 PRINTED IN THE U.S.A. PRINTED IN Stay Connected ALPA has many ways to keep you up-to-date on everything ALPA. Wordpress Facebook Twitter LinkedIn Flickr YouTube YouTube RSS Feeds TO LEARN MORE, VISIT www.ALPA.org/stayconnected A member service of Air Line Pilot. DECEMBER 2012 • VoluME 81, NuMBER 10 25 32 About the Cover A FedEx Express MD-11. Photo by F/O Heith Heitkamp (Compass). Download a QR reader to your smartphone, scan the code, and read 24 the magazine. Air Line Pilot (ISSN 0002-242X) is pub lished 32 on the monthly, except for COMMENTARY the combined January/ Bookshelf February and June/July 4 Take Note issues, by the Air Line Pilots Books Every Pilot Association, Inter national, 2013 and Beyond Should Own affiliated with AFL-CIO, CLC. Editorial Offices: 535 33 Health Watch Herndon Parkway, PO Box 5 Aviation Matters 1169, Herndon, VA 20172- Everything Matters: Almost Laser Attacks on the 1169. Telephone: 703-481- 4460. Fax: 703- 464-2114. Isn’t Good Enough Rise: How to Protect Copyright © 2012—Air Line Your Eyes Pilots Association, Inter national, 6 Guest Commentary 32 all rights reserved. Publica tion in any form without permission is prohibited. Boomerang 35 Our Stories Freight/Charter Air Line Pilot and the ALPA logo Reg. Golden Wings Past President 14% U.S. Pat. and T.M.
    [Show full text]
  • Services Fast-Growing Services and Support Business Helps Fuel Boeing Growth
    NOVEMBER 2015 | VOLUME 14, ISSUE 07 | BOEING.COM/FRONTIERS Frontiers Uncompromising services Fast-growing services and support business helps fuel Boeing growth NOVEMBER 2015 01 TABLE OF CONTENTS 06 LEADERSHIP MESSAGE 32 08 SNAPSHOT 09 QUOTABLES 10 WHAT WE DO 12 HISTORICAL PERSPECTIVE 18 LEADERSHIP IN SERVICES Boeing’s customer service and support business is rapidly evolving and the company considers it a key area to accelerate growth. This package of stories details the varied and PHOTO: RICH RAU | BOEING expanding customer services and support provided by Boeing. 40 32 PRECISION PERFORMANCE The small Boeing team in St. Charles, Mo., that builds Joint Direct Attack Munition and Small Diameter Bomb hasn’t missed a beat as production rates have soared to the highest levels in nearly a decade. One of these products rolls off the assembly line roughly every six minutes. 36 DESERT BLOOM The Dubai Airshow this month brings the global aerospace community to the United Arab Emirates. Boeing has a strong, three-decades- long relationship with the UAE, which has transformed into a major aerospace hub. 40 SALUTE TO VETERANS PHOTO: BOB FERGUSON | BOEING About 22,000 self-declared veterans work for Boeing, bringing to their jobs not only the teamwork and specialized skills they learned in the military but also leadership, discipline 48 and diverse perspectives. Meet some of them in this tribute to Boeing veterans. 48 GETTING THEIR WINGS When a V-22 Osprey leaves the Boeing factory near Philadelphia, the next stop is at partner Bell Helicopter’s plant in Amarillo, Texas. There, the advanced tiltrotor aircraft are readied for delivery to customers following the addition of wings, empennage and rotors.
    [Show full text]
  • United Arab Emirates 2020
    United Arab Emirates 2020 1 Table of Contents Business in the United Arab Emirates _____________________________________ 4 Market Overview _____________________________________________________________ 4 Market Challenges ___________________________________________________________ 5 Market Opportunities _________________________________________________________ 5 Market Entry Strategy _________________________________________________________ 6 Leading Sectors for U.S. Exports and Investment ___________________________ 7 Architecture, Construction, and Engineering (ACE) ________________________________ 7 Aerospace _________________________________________________________________ 12 Automotive ________________________________________________________________ 14 Aviation ___________________________________________________________________ 19 Conventional Power _________________________________________________________ 26 Defense ___________________________________________________________________ 30 Education _________________________________________________________________ 33 Healthcare Services _________________________________________________________ 37 Information Communication Technology (ICT) ___________________________________ 41 Nuclear Power ______________________________________________________________ 46 Oil and Gas Field Machinery and Services _______________________________________ 48 Renewable Energy __________________________________________________________ 52 Safety & Security ___________________________________________________________
    [Show full text]
  • Creating a Competitive Advantage in the Global Flight Catering Supply Chain: a Case Study Using SCOR Model
    University of Wollongong Research Online University of Wollongong in Dubai - Papers University of Wollongong in Dubai 1-1-2018 Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model Balan Sundarakani University of Wollongong in Dubai, [email protected] Hira Abdul Razzak Ministry of Health Sushmera Manikandan Swiss Business School, [email protected] Follow this and additional works at: https://ro.uow.edu.au/dubaipapers Recommended Citation Sundarakani, Balan; Razzak, Hira Abdul; and Manikandan, Sushmera: Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model 2018, 481-501. https://ro.uow.edu.au/dubaipapers/991 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: [email protected] PROOF COVER SHEET Author(s): Balan Sundarakani Article Title: Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model Article No: CJOL1448767 Enclosures: 1) Query sheet 2) Article proofs Dear Author, 1. Please check these proofs carefully. It is the responsibility of the corresponding author to check these and approve or amend them. A second proof is not normally provided. Taylor & Francis cannot be held responsible for uncorrected errors, even if introduced during the production process. Once your corrections have been added to the article, it will be considered ready for publication. Please limit changes at this stage to the correction of errors. You should not make trivial changes, improve prose style, add new material, or delete existing material at this stage.
    [Show full text]
  • EMIRATES (Incorporated with Limited Liability Under the Laws of Dubai)
    Level: 4 – From: 4 – Thursday, June 2, 2011 – 11:14 – eprint6 – 4324 Intro PROSPECTUS EMIRATES (incorporated with limited liability under the laws of Dubai) U.S.$1,000,000,000 5.125 per cent. Notes due 2016 Issue Price 99.904 per cent. U.S.$1,000,000,000 5.125 per cent. Notes due 2016 (the “Notes”) will be issued by Emirates (the “Issuer” or “Emirates”). Interest on the Notes is payable semi-annually in arrear on 8 June and 8 December in each year. Payments on the Notes will be made without deduction for or on account of taxes of the United Arab Emirates and the Emirate of Dubai to the extent described under “Terms and Conditions of the Notes – Taxation”. The Notes mature on 8 June 2016 but the Notes may be redeemed before maturity at the option of the Issuer in whole but not in part at their principal amount together with accrued interest at any time in the event of certain changes affecting taxes of the United Arab Emirates and/or the Emirate of Dubai, and may also be redeemed before maturity at the option of the relevant holder at their principal amount together with accrued interest following a Change of Control (as defined in the Terms and Conditions). See “Terms and Conditions of the Notes – Redemption and Purchase”. The Notes, subject to Condition 4 (Negative Pledge), will constitute unsecured obligations of the Issuer. See “Ter ms and Conditions of the Notes – Status”. Application has been made to the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 (the “FSMA”) (the “UK Listing Authority”) for the Notes to be admitted to the official list of the UK Listing Authority (the “Official List”) and to the London Stock Exchange plc (the “London Stock Exchange”) for such Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (the “Market”).
    [Show full text]
  • 2005-06-Annual-Report.Pdf
    The Emirates Chairman & Chief Executive Emirates Airline & Group Group H. H. Sheikh Ahmed bin Saeed Al-Maktoum Chairman and Chief Executive, Emirates Airline & Group It has been another tough year with fuel pressure star of 2005", Arabian Business magazine; "An airline with continuously dampening our vibrant net income global ambitions takes off”, Wall Street Journal and "The production, but I am proud to say we returned our 18th greatest threat to Asian and European carriers," J.P. Morgan. consecutive profit for the airline, with the group returning a net profit of US$762 million (Dhs2.8 billion) I must stress that we have never set out to be a threat on a turnover of US$6.6 billion (Dhs24.3 billion). to any other airline. We believe in co-operation. We have never copied other airlines, nor imitated any Emirates’ net profit was US$674 million (Dhs2.5 business model, or joined any airline alliance. We have billion), while Dnata’s net profit was US$88 million concentrated on trying to provide a superb service for (Dhs324 million). our passengers and cargo customers. Our success was tinged with sadness as Sheikh The Emirates Group is more than an airline and no less Maktoum bin Rashid Al-Maktoum, passed away in than 7,067 employees work for Dnata at the Dubai January. He will be greatly missed by the UAE and International Airport and in their travel related business. Dubai but we know that the new ruler, His Highness We are also the majority owners of Emirates Flight Sheikh Mohammed bin Rashid Al-Maktoum will Catering and other concerns, all which have separate continue to carry out the visionary plans of their father, finances, whose results are included in this report.
    [Show full text]
  • QUARTERLY FACT SHEET March 2020
    QUARTERLY FACT SHEET March 2020 DORIC NIMROD AIR TWO LIMITED LSE: DNA2 COVID-19 These are unprecedented times and the impacts of COVID-19 are far reaching and changing at a significant pace. The impact of this pandemic on the aviation sector has been significant with a large part of the global passenger aircraft fleet grounded. This quarterly factsheet is exclusively based on known facts at the time of writing and does not seek to draw on any speculation about any possible future, long-term impacts of the pandemic on the aviation sector or the Company specifically and should be read in such context. The Board notes the current market commentary regarding rental deferrals and confirms that it has received no formal request from Emirates to renegotiate their leases and that they are currently servicing them in line with their obligations. The Board is in close contact with the Asset Manager and its other advisors and will continue to keep shareholders updated via quarterly fact sheets and ad-hoc announcements as required. The Company Doric Nimrod Air Two Limited (“the Company“) is a Guernsey domiciled company. Its 172,500,000 ordinary preference shares have been admitted to trading on the Specialist Fund Segment (SFS) of the London Stock Exchange’s Main Market. The market capitalisation of the Company was GBP 112 million as of 31 March 2020. The Company has four wholly-owned subsidiaries: MSN077 Limited, MSN090 Limited, MSN105 Limited and Doric Nimrod Air Finance Alpha Limited (“DNAFA”) (and together with the Company “the Group”). Investment Strategy The Company’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling a portfolio of aircraft.
    [Show full text]
  • Emirates Flight Catering : Foodservice - Company Profile & SWOT Analysis
    Report Information More information from: https://www.wiseguyreports.com/reports/339425-emirates-flight-catering-foodservice-company-profile- swot-analysis Emirates Flight Catering : Foodservice - Company Profile & SWOT Analysis Report / Search Code: WGR339425 Publish Date: 13 February, 2016 Price 1-user PDF : $ 125.0 Site PDF : $ 250.0 Enterprise PDF : $ 375.0 Description: Summary Canadean's "Emirates Flight Catering : Foodservice - Company Profile & SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, recent developments, key employees as well as company locations and subsidiaries. Key Findings This report is a crucial resource for industry executives and anyone looking to access key information about "Emirates Flight Catering " The report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. Canadean strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Synopsis Emirates Flight Catering (Emirates Catering) is an in-flight catering service provider operating in Dubai. The company principally offers in-flight catering and support services to Emirates Airlines apart from providing services to airline clients operating at Dubai International Airport. It also provides event catering, private jet catering and food and beverage services alongside operating a food production plant under the Food Point label. Emirates Catering is 90% owned by Emirates airline and remaining 10% share is held by Dubai Civil Aviation. It operates as a subsidiary of The Emirates Group, a travel and tourism conglomerate.
    [Show full text]