Mission Statement of Emirates Airlines
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Genesis Analytics 2016 Quantifying the Economic Contribution Of
Quantifying the Economic Contribution of Emirates to South Africa A report prepared by Genesis Analytics June 2016 © Genesis Analytics 2016 Document Reference: Quantifying the Economic Contribution of Emirates to South Africa, Final Date: June 2016 Contact Information Genesis Analytics (Pty) Ltd Office 3, 50 Sixth Road Hyde Park, 2196, Johannesburg South Africa Tel: +27 (0) 11 994 7000 Fax: +27 (0) 11 994 7099 www.genesis-analytics.com Authors Ryan Short Mbongeni Ndlovu Tshediso Matake Dirk van Seventer With thanks to Annabelle Ong and Chris Cuttle Contact Person Ryan Short [email protected] +27 (0) 11 994 7000 ii Table of Contents EXECUTIVE SUMMARY .............................................................................. VI 1. INTRODUCTION ..................................................................................... 1 1.1. Background and purpose ........................................................................ 1 1.2. Report structure ...................................................................................... 2 2. ABOUT EMIRATES ................................................................................. 3 3. OVERVIEW OF EMIRATES GROUP IN SOUTH AFRICA ..................... 4 4. A FRAMEWORK FOR MEASURING CONTRIBUTION ......................... 6 5. ENABLED CONTRIBUTION ................................................................... 9 5.1. The economic benefits of air connectivity ............................................... 9 5.2. The connectivity benefits of Emirates ..................................................... -
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. -
Market Report
BCD Travel Research and Intelligence What you need to know: Airline operations: Middle East April 28, 2020 As demand declines and governments around the world restrict travel, airlines are adjusting their operations, and, in some cases, suspending all services. This report summarizes what airlines in the Middle East are doing and planning. Major carriers Airline Action and plans Emirates Most passenger operations suspended from March 25. Flights continue to London and Frankfurt, with repatriation services offered to other destinations Etihad Airways All flights suspended from March 26 until May 1. Repatriation flights operated to 11 destinations. Reduced schedule to resume from May 1 until June 30 Qatar Airways Most flights continue, serving passengers transiting through Doha Turkish Airlines All international and some domestic routes suspended until May 1 Emirates resuming some flights after suspending most passenger operations Emirates suspended most passenger operations from March 25, with no date for their resumption.1 It had been trying to maintain these flights as long as possible, to help travelers return home. But increasing travel restrictions – including the March 19 suspension of all entry visas to the United Arab Emirates (U.A.E.) – forced it to curtail its operations substantially. Emirates will continue to operate a small number of passenger flights to a limited number of countries, as long as their borders stay open and demand remains. The airline will resume suspended services once countries reopen their borders and travel confidence returns. Emirates is already looking forward to a gradual resumption of passenger services as travel and operational restrictions are lifted. It received approval to resume services to Brussels, Frankfurt, London, Paris and Zurich from April 6.2 It currently offers four flights per week to Heathrow and three to Frankfurt. -
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. -
US-UAE Commercial Aviation Update
U.S.-U.A.E. Commercial Aviation Update: Flying Higher June 2014 The U.S. and U.A.E. continue to share the world’s fastest growing bilateral commercial aviation relationship over the last decade. In fact, the commercial landscape underpinning United States-United Arab Emirates (U.A.E.) commercial aviation ties has undergone immense, rapid, and significant development in the year since we published the ‘U.S.-U.A.E. Commercial Aviation: Taking Flight’ report. In 2013 alone, commercial aviation-related exports were the largest subset of products that fueled a banner year in U.S.-U.A.E. trade totaling $26.9 billion. The U.A.E.’s global carriers — Abu Dhabi’s Etihad Airways and Dubai’s Emirates Airline — have opened new routes to the United States and record-breaking long-term aircraft, engine, and parts deals between American firms and Emirati carriers were signed to complement ambitious delivery schedules already put in place by both airlines. Amidst this activity, the U.A.E. has made greater strides toward its goal of integrating into the global commercial aviation supply chain. Route Launches Emirates Route Map (incl. Chicago) Abu Dhabi’s Etihad Airways now flies to three cities in the United States (Chicago, New York, Washington, D.C.) with plans to launch flights to its fourth U.S. destination, Los Angeles, in June 2014, and its fifth U.S. destination, Dallas, in December 2014. Dubai’s Emirates flies to eight U.S. cities currently, including its newest destination, Boston, as well as Dallas, Houston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. -
Etihad Airways and Saudia Announce Major Expansion of Their Commercial Partnership
ETIHAD AIRWAYS AND SAUDIA ANNOUNCE MAJOR EXPANSION OF THEIR COMMERCIAL PARTNERSHIP 22 October 2019: Etihad Airways, the national airline of the United Arab Emirates, and Saudia, the national flag carrier of the Kingdom of Saudi Arabia, have marked the first anniversary of their commercial partnership by announcing 12 new codeshare routes to key destinations in Asia and Europe. Since signing their agreement in October, 2018, the two airlines have placed their flight codes on each other’s services between Abu Dhabi and the Saudi Arabian cities of Jeddah, Riyadh and Medina. Saudia has also added its ‘SV’ code to Etihad flights between Abu Dhabi and 10 more destinations – Ahmedabad, Belgrade, Brisbane, Chicago, Dusseldorf, Lagos, Melbourne, Rabat, Seychelles and Sydney – while Etihad has placed its ‘EY’ code on Saudia flights to Peshawar, Multan, Port Sudan and Vienna. Under the deal announced today, Saudia will progressively add its code to Etihad flights between Abu Dhabi and 12 more destinations in 10 countries – Amsterdam, Baku, Brussels, Dublin, Moscow-Domodedovo, Hong Kong, Kathmandu, Bangkok, Phuket, Nagoya, Tokyo and Seoul, significantly extending Saudia’s reach. Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group, said: “The United Arab Emirates and the Kingdom of Saudi Arabia enjoy strong economic, diplomatic and cultural links, and the partnership between our two national carriers is a natural and productive extension of these ties. “Since announcing our partnership at this time last year, we have jointly achieved more than 53,500 passenger journeys, five times the 11,390 for the whole of 2018. The increased collaboration we have announced today will deliver even more growth to both airlines, provide greater choice for our passengers and freight customers, and further strengthen the ties between our nations.” Saudi Arabian Airlines Director General Eng. -
The Air France-KLM Group, Etihad Airways and Airberlin Announce New Partnerships
Paris, Amsterdam, Abu Dhabi, Berlin, October 8 2012 The Air France-KLM Group, Etihad Airways and airberlin announce new partnerships The Air France-KLM Group, Etihad Airways, and airberlin announce that they are going to implement a commercial partnership. As of October 28, 2012, Air France, KLM, Etihad Airways and airberlin will offer their customers more destinations thanks to mutual code-share agreements. On the routes between Europe and Abu Dhabi, Etihad Airways customers will be able to fly on the Amsterdam-Abu Dhabi daily flight operated by KLM. Air France customers will be able to travel everyday between Paris-Charles de Gaulle and Abu Dhabi on Etihad Airways operated flights. New connections through the global gateways of Paris-CDG, Amsterdam-Schiphol and Abu Dhabi Beyond their gateways, this code-share agreement offers five destinations each to Air France and KLM passengers on the Asian and Australian market and ten European destinations to Etihad passengers on Air France and KLM. • Air France passengers will be able to connect through Abu Dhabi for flights to Colombo (Sri Lanka), Dhaka (Bangladesh), Katmandu* (Nepal), Mahe (Seychelles), and Male (Maldives). • KLM passengers will be able to connect through Abu Dhabi for flights to Colombo (Sri Lanka), Islamabad (Pakistan), Lahore (Pakistan), Melbourne (Australia), and Sydney (Australia). • Etihad Airways passengers will be able to connect through Paris-CDG airport for flights to Bordeaux, Copenhagen, Madrid, Nice and Toulouse under an Air France operated flight, and through Amsterdam-Schiphol to Billund, Cardiff, Newcastle, Oslo, and Stavanger under a KLM operated flight. * subject to governmental approval New opportunities in Europe for airberlin, Air France and KLM customers Air France and airberlin announce a mutual codeshare agreement, allowing customers of either carrier to fly on all the routes operated by the other between France and Germany. -
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. -
Etihad Airways Lands at Vienna Airport for the First Time with a Direct Flight from Abu Dhabi
Etihad Airways lands at Vienna Airport for the first time with a direct flight from Abu Dhabi As of today, July 18, 2021, Etihad Airways, the national airline of the United Arab Emirates, has landed in Vienna for the very first time as part of a new flight connection. With Etihad Airways, a new airline is represented in Vienna and Abu Dhabi is now also accessible from Vienna. Etihad Airways now serves the route twice a week with a Boeing 787-9 Dreamliner. In the capital of the United Arab Emirates, Abu Dhabi, Etihad Airways serves numerous destinations around the globe. “We welcome Etihad as a new airline to Vienna Airport serving a new destination. Etihad is a strong carrier with a far-reaching route network, and we are delighted with its decision to launch regular scheduled flights to Vienna. The United Arab Emirates in particular is an important market for Austrian tourism, and the new flight connection is a good sign that things are slowly picking up again”, states Julian Jäger, Joint CEO and COO of Vienna Airport. “As more travellers return to the skies, we’re delighted to introduce twice-weekly flights to Vienna. The 65th passenger destination to be added to Etihad’s growing network, we are confident that its timeless imperial grandeur and vibrant cultural scene will appeal to many travellers”, said Tony Douglas, Group Chief Executive Officer at Etihad Aviation Group. The capital of the United Arab Emirates, Abu Dhabi boasts a diversified tourism offering, including the magnificent Sheikh Zayed Mosque, Louvre Abu Dhabi, the Corniche boardwalk, numerous shopping opportunities and traditional markets, namely the so-called “Souks”. -
Airlines and Subsidy: Our Position ¬
Airlines and subsidy: our position ¬ Myth Airline subsidies are a “Gulf” problem FACT Market-distorting subsidies and government support are sadly present in every world region Myth Emirates is subsidised FACT Completely unsubsidised. We campaign against airline subsidies Myth Emirates accesses cheap or free fuel FACT False. We buy fuel from BP, Shell and Chevron in Dubai and worldwide at market rates Myth US and European airlines received support decades ago but are now subsidy-free FACT Bankruptcy protection and government bailouts continue to exist Airlines and subsidy: our position ¬ We understand that despite no evidence, an oft repeated myth can ultimately be accepted as conventional wisdom. In this document you will find our views on subsidy in the airline industry, thorough explanations about Emirates’ business model and our response to misrepresentations that have been levelled against us - from claims about subsidised fuel, financial support and staff conditions to environmental regulation and airport charges. Emirates believes: • A common set of transparent financial reporting metrics to measure and apply against all international carriers should be determined by IATA and ICAO on what defines a subsidy. • Governments should not provide injections, borrowings or financing to airlines, regardless of shareholding status. • All governments should pursue liberalisation and open skies with the objective to end the greatest subsidy of all – aero-political protection. Tim Clark, President, Emirates Airline 1 Contents ¬ Introduction -
Return Operation of Moroccans Living Abroad
Return Operation of Moroccans living abroad Following the High Royal Instructions, Royal Air Maroc is mobilizing to facilitate the routing of the Moroccan diaspora to the country. The company sets up an exceptional and historic device to facilitate the movement of Moroccans living abroad (MRE) during the summer. In this context, more than 3 million seats will be dedicated to this operation between June 15 and September 30, including 600,000 in charters. Summary of MRE operation ticket conditions: Tickets from abroad to Morocco only Date of transport: until September 30 Tickets purchased in cash (no use of previous credit or EMD) Non-refundable, non-exchangeable tickets. For customers who have already purchased their tickets for the period from June 15 to September 30, they can still benefit from the commercial provisions in force: - a refund against a voucher to be used over a later period. These vouchers are valid 12 months, and refundable in cash at the end of their validity; - or a change of travel date, without penalty. Exceptionally, the new date of transport is extended until March 31, 2022 instead of October 31 initially (fare difference may be applied). Customers who have already benefited from a first change free of charge, can exceptionally obtain a second change free of charge on an exceptional basis; - or a cash refund under the fare conditions of the ticket (if the refund is permitted). Passengers who choose one of the above options waive their reservation which will be definitively canceled. Hereafter the updated conditions of travel from/to Morocco following the latest authorities’ decision: The countries are classified into two categories: o The "A" list includes all countries with good indicators concerning the epidemiological situation, in particular the spread of variants of the virus; o The "B" is a restrictive list of all the countries not concerned by the relief measures contained in the "A" list, due to the epidemiological situation. -
A Study Into the Hub Performance of Emirates, Etihad Airways and Qatar Airways and Their Competitive Position Against the Major European Hubbing Airlines
A study into the hub performance of Emirates, Etihad Airways and Qatar Airways and their competitive position against the major European hubbing airlines 1.0 Introduction Traffic flows between East and West had traditionally been concentrated at European hubs. Travellers flying Eastbound and Westbound used to connect in airports such as London Heathrow, Paris Charles de Gaulle, Frankfurt or Amsterdam (Dennis, 2007; Bel and Fageda, 2010; Grimme, 2011; Hooper et al., 2011). However, the growth of the Middle East aviation business has led to the rise of new hubs in the region. The Gulf has invested heavily in the aviation business as it is regarded as an important asset for the development of the region, Gulf based airlines are challenging the European network carriers in their long-haul traffic segment. Emirates, Etihad and Qatar Airways, as the most important exponents of the rise of the Gulf, have engineered their bases to become important transfer points for passengers which are beginning to redirect and reshape the traditional traffic flows (O'Connell, 2006; Vespermann et al., 2008; Hooper et al., 2011, Murel and O'Connell, 2011; O'Connell, 2011). The aggressive rise of the Gulf carriers is putting the leadership of the European network carriers and their corresponding hubs under threat (Delfmann et al., 2005). The centre of gravity of international transfer traffic is shifting towards the East, while this displacement is being driven by the Gulf carriers as a result of their effective hub-and-spoke mechanism which is one of the key foundation pillars underpinning their continued success (O'Connell, 2011; Hooper et al., 2011, Murel and O'Connell, 2011).