Emirates heads north

EMIRATES   AVIATION   UAE

Global - Middle Eastern airline Emirates saw its profits more than quadrupled in the last six months, driven by strengthening business worldwide.

The carrier saw a 17.3% increase in passenger traffic compared to a year ago, while cargo tonnage was up 23.7%.

Emirates is hoping to dominate all Europe-Asia routes, BBC reported, having ordered 32 Airbus super jumbos and 30 Boeing 777s this year.

It was previously accused of getting unfair state subsidies. Pierre-Henri Gourgeon, chief executive of Air France said Emirates had benefited from cheap airport and fuel taxes at its hub.

Sheikh Ahmed bin Saeed al-Maktoum, chief executive of the airline rebutted that Emirates continued to invest in its profits for the growing of the business.

"Our healthy financial position enables us to successfully meet all of our financial commitments and raise financing for future aircraft deliveries," he added.

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