BILLION DOLLARS IN DEBT ASSUMED BY THE DUBAI GOVERNMENT ON BEHALF OF EMIRATES FOR FUEL HEDGING LOSSES
BILLION DOLLARS IN GOVERNMENT SUBSIDIZED AIRPORT INFRASTRUCTURE
BILLION DOLLARS IN “RELATED PARTY TRANSACTIONS” WITH OTHER UAE OWNED COMPANIES JUST IN 2014 ALONE
Since 2004, Emirates has received over $6 billion in subsidies…
Despite their assertions to the contrary, there is clear, financial documentation that Emirates, the national airline of Dubai in the United Arab Emirates, has received substantial funding that is in direct violation of the Open Skies Agreements they signed with the US. These subsidies have allowed Emirates to purchase an unprecedented number of widebody aircraft that they use to artificially expand capacity and distort markets around the world.