Friday, December 14, 2007

Airline Industry - Wharton on Emirates

Very interesting read here from Knowledge @ Wharton on Emirates based on a lecture from Emirates founder Maurice Flanagan given at Wharton.

Couple of interesting points from the note:
  • Airline was started with $10 million 22 years ago. In total the government has invested just $18 million in the airline. Claims that the airline pays the ruling family a dividend of more than $100 million a year;
  • Emirates so far has ordered 55 of the new A380s (at $250mm a pop); and
  • 20,000 employees - none of them with the word "marketing" in their title.
Thanks to Madame BOOT for forwarding.

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