{"id":490813,"date":"2022-05-11T08:59:17","date_gmt":"2022-05-11T03:29:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=490813"},"modified":"2022-05-11T09:06:54","modified_gmt":"2022-05-11T03:36:54","slug":"emirates-to-start-paying-back-dubai-for-its-4-bn-lifeline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-to-start-paying-back-dubai-for-its-4-bn-lifeline\/","title":{"rendered":"Emirates to start paying back Dubai for its $4-bn lifeline"},"content":{"rendered":"<p>Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government some of the nearly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic, its chairman said Tuesday.<\/p>\n<p>The cash infusion of close to 15 billion dirhams ($4 billion), which came in two tranches over 2020 and 2021, provided a lifeline to one of the world&#8217;s biggest airlines at a time when travel had come to a near standstill globally due to COVID-19.<\/p>\n<p>Emirates&#8217; CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said the Dubai-based airline expects to see profits this year and will use those earnings to pay back its shareholder, the government. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government some of the nearly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic, its chairman said Tuesday. The cash infusion of close to 15 billion dirhams ($4 billion), which came in two tranches over 2020 and 2021, provided a lifeline to one of the world&#8217;s biggest airlines at a time when travel had come to a near standstill globally due to COVID-19. Emirates&#8217; CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said the Dubai-based airline [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-490813","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=490813"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490813\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=490813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=490813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=490813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}