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Old February 21st, 2011, 06:45 PM   #641
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Old February 27th, 2011, 05:42 AM   #642
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Emirates bond likely used to fund expansion-banker

DUBAI, Feb 24 (Reuters) - A bond issue from Dubai's flagship carrier Emirates airline is likely to be for expansion purposes rather than refinancing debt and would attract strong demand in spite of the current regional upheaval, a banker said.

Emirates [EMIRA.UL], one of the Arab world's largest airlines, which has a $190 million loan repayment due on Feb. 26, has mandated banks for a bond issue, IFR markets, a unit of Thomson Reuters, reported earlier this month.

The airline has total debt maturities in the first quarter of 2011 of nearly $780 million. This includes a $500 million bond repayment due on March 24, Thomson Reuters data showed.

"I don't think they will be refinancing the ($190 million) loan. Things are looking good at the moment," said one Dubai-based banker who did not want to be identified.

"They have several plane orders and expansion plans. Probably they will go forward with the bond issue," the banker said.

Emirates' President Tim Clark declined to comment on the airline's funding options for the loan when contacted by Reuters.

It has been reported that Emirates has picked HSBC, Morgan Stanley and Deutsche Bank to arrange the potential bond sale, but details on size and tenor are to be confirmed.

Clark said the company is still "testing the waters" and mandating banks does not guarantee it will issue a bond.

Yet, banking sources say a bond issue this year is likely.

One Gulf-based banker said a bond sale could be expected in the second quarter. However, anti-government protests across the Middle East have rocked financial markets and could have implications for the new issue pipeline.

"Emirates is a flagship UAE company and bond investors will like (the) relatively high implied government support," said John Bates, head of fixed income at asset manager Silk Invest.

"However, it needs to launch at a decent premium to the government debt and the deal size will need to be carefully managed by the lead banks."

MIDEAST UPHEAVAL UNLIKELY TO DETER ISSUERS

Volumes for bond sales in the Gulf Arab region in 2011 are expected to be higher than last year but political volatility in neighbouring states shows little signs of abating, with the risk of protests spreading still high.

The pipeline for new issues from the United Arab Emirates is still thought to be healthy, and investor appetite for high-yield emerging market bonds is strong.

So far this year, Emaar Properties and lenders Abu Dhabi Commercial Bank and First Gulf Bank have issued bonds.

"The timing will be crucial but that is always the case. The political crisis in the region has not affected UAE, so there is no reason for Emirates to be worried about that," said the Dubai-based banker.
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Old March 1st, 2011, 04:00 PM   #643
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Qatar Airways to offer Vietnam-Canada air link
1 March 2011
The Saigon Times Daily

HCMC - Qatar Airways yesterday announced the launch of its Doha-Canada service in summer schedule and connection of this new route with the flights the five-star airline currently operates from HCMC and Hanoi.

The Qatari flag carrier said on its website that its aircraft would fly non-stop between Doha and Quebec’s capital city of Montreal on Wednesdays, Fridays and Sundays, marking its first foray into Canada as its fourth destination in North America after New York, Washington and Houston.

The airline said the anticipated Doha-Montreal route would provide seamless connectivity for business and leisure travelers from the Middle East, Africa, South Asia and Far East to Montreal via Doha.

“There is natural demand for travel from many parts of our international network to Canada, and thanks to our scheduling we are able to offer convenient connections over Doha,?Qatar Airways Chief Executive Officer Akbar Al Baker said.

Qatar Airways named HCMC as one of the many parts of the carrier’s international network. The carrier now conducts 11 weekly flights between Doha and Vietnam, including four weekly non-stop direct flights on the Doha-HCMC route.

In addition, through a stopover in Bangkok, Qatar Airways flies four times a week to Hanoi and three to HCMC.

Qatar Airways will be one of the very few foreign carriers to offer services between Vietnam and Canada. At present, Cathay Pacific has flights between this ASEAN country and Canada’s cities of Vancouver and Toronto.
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Old March 2nd, 2011, 07:20 AM   #644
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Emirates hikes fares due to rising oil prices

DUBAI, March 1 (Reuters) - Emirates airline [EMIRA.UL], one of the Arab world's largest carrier, has hiked its fares across all sectors, as it's unable to absorb soaring oil prices, the company said in a statement on Tuesday.

Emirates said the increase in fares differs by markets and routes, declining to give any more details on how much the fares were hiked.

"We have an active fuel risk management programme but with such market volatility it is impossible to fully absorb the impact of soaring oil prices," an Emirates spokeswoman said in the statement. Brent crude held steady near $112 a barrel on Tuesday as investors remained cautious about Middle East supplies even as Saudi Arabia ramped up production to cover a drop in Libyan exports.

Rising oil prices will hurt profitability of airlines operating in the Middle East North Africa region, analysts say.
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Old March 6th, 2011, 07:37 PM   #645
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Old March 15th, 2011, 03:39 PM   #646
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Qatar Airways' CEO eyes acquisitions - paper

FRANKFURT, March 10 (Reuters) - Qatar Airways is eyeing acquisitions and could strike a deal as early as this year, a German newspaper cited Chief Executive Akbar Al Baker as saying.

"It is very well possible that we will buy shares in another airline. Precondition is that it has a strong network and can help us to become a more global actor," Financial Times Deutschland quoted him as saying in an excerpt from an article to be published on Friday.

The Gulf carrier, half-owned by state-owned Qatar Investment Authority, could make any acquisition in the coming years, "but maybe as early as this year", the paper quoted him as saying.

The paper said he declined to name any possible targets.

Al Baker said Qatar Airways might be prepared to buy 49.9 percent of a European carrier, the maximum level a foreign investor can obtain without additional conditions, the paper said.

"We have sufficient cash" for any acquisition, the paper cited Al Baker as saying.

To get fresh capital, the airline could also launch an initial public offering, Al Baker told the paper.

"Preparations are underway," the paper cited him as saying.
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Old March 19th, 2011, 06:46 PM   #647
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Old March 27th, 2011, 03:17 PM   #648
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Bombardier may be near CSeries deal
Qatar Airways interested in new model

26 March 2011
Calgary Herald

Qatar Airways makes its Canadian debut on June 29 when it launches three weekly flights to Montreal - and the Doha-based airline sounds increasingly certain it will provide the city with another boost around the same time.

That would come in the form of finalizing, at long last, the roller-coaster purchase talks for a raft of CSeries airliners being developed by Montrealbased Bombardier Inc.

Qatar Airways president Akbar Al-Baker has hinted that the announcement would come in late June at the Paris air show, after much wrangling for more than 18 months over various issues.

In a telephone interview, freshly hired airline senior vice-president for the Americas, Dudley Snyder, added to the mounting evidence, calling the CSeries "far more appealing" than the alternative Airbus 320neo, the legacy airplane with new engines.

As one of a trio of large and fast-growing carriers from small Gulf states -the others being Dubai's Emirates and Abu Dhabi's Etihad -Qatar has already become a global transporter, with Montreal becoming the 100th city it will serve worldwide. And that's just the beginning, say executives at the company, which is planning to buy more aircraft, large and small, in the near future. Not to mention a likely buy-in of 49 per cent in a European airline to pump up its traffic flow from that continent onto its network.

"What we want in an aircraft is of course the same as everyone else," Snyder said. "As low-cost as possible, high reliability and greater passenger comfort. And when we look at the (A320) neo . . . it is an incremental development of an existing aircraft at the lowest possible cost because they simply don't have the R&D funds.

"A new-generation aircraft is going to give you much better costs, better passenger comfort and more reliability than a reengined version of an existing aircraft. So it's not the most appealing idea. A new aircraft is far more appealing."

Snyder discounted the possibility of Qatar being swallowed by the political turmoil that has engulfed Tunisia, Egypt, Libya, Bahrain and Yemen. "It's extremely unlikely that something will happen in Qatar," Snyder said.

But even if it did, he added, "it's a very small country and there's the potential to isolate the airport and maintain the connection, the flow traffic through the airport, even while something happens in the rest of the country. But that's wild speculation."

He wouldn't say whether Qatar Airways pays extra political-risk insurance on aircraft purchases in case of cancellations or deferrals.

As for the three weekly landing slots Qatar Airways received from the Canadian government last fall, that's just the beginning, Snyder noted.

The carrier plans to add Toronto, Calgary and Vancouver to its roster, "and we like to be in cities with a minimum of daily service. So ultimately, if you multiply that out, it would come out to 28 frequencies a week."

Landing slots are negotiated between governments, and how long that might take is unknown.

For far-flung destinations, Qatar's Doha hub offers an alternative to the traditional pattern of going from Canada to Europe and then on to the final destination.

It's also more competition for Air Canada, which has recently added several more European cities as gateways to Asia, Africa and elsewhere.

Air Canada has complained bitterly that the three state-owned airlines are competing unfairly, paying no taxes at home, paying lower wages and benefiting from large airport subsidies.

But Snyder replied that "most carriers at their hub . . . negotiate preferential treatment with the airport. Pearson Airport would be in dire financial situation without Air Canada and that probably gives Air Canada a certain amount of leverage in their pricing."
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Old March 27th, 2011, 09:01 PM   #649
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Old April 1st, 2011, 10:32 PM   #650
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Etihad to Commence Services to the Maldives

Khalifa City A, Dubai (PRWEB) March 23, 2011

Etihad Airways, the national airline of the United Arab Emirates, has announced it will commence operations to Malé, the capital city of the Republic of Maldives, on November 1, subject to government approval.

Etihad will operate a daily return service from its home base in Abu Dhabi to Malé International Airport, operating Airbus A320 aircraft on the route, configured with two cabins and offering 1,904 seats each week.

James Hogan, Etihad Airways' Chief Executive Officer, said: "Malé is gateway to the premium leisure destination, the Maldive Islands, and given the strong increase in visitation numbers we are seeing in the market, the time is right to launch services to this popular holiday destination."

Mr Hogan said the commencement of the services in November was perfectly timed to coincide with the start of the busy Northern winter period.

"We expect the services will appeal to UAE leisure travellers, as well as customers from our major European markets, particularly with the strong connectivity options on offer and following the additional frequencies that will come online on a number of our key European routes this summer," he said.

"Etihad's schedule, which offers an attractive afternoon arrival and evening departure, has been carefully designed to offer customers maximum leisure time at their destination. In fact, European travellers can take advantage of our overnight flights in both directions, offering them a full extra day in the Maldives."

The Maldives is made up of close to 1,200 islands grouped into natural atolls including 200 inhabited islands and 97 resort islands, with a population of close to 300,000 people*. The region features deep blue seas, sandy beaches and turquoise reefs, and with its tropical climate and warm temperatures year round, is a renowned honeymoon and leisure destination.

Etihad Holidays (http://www.etihadholidays.com/holidays/Home.aspx ) has special packages on offer for the most spectacular of the islands. Offering a wide range of experiences for all budgets, Etihad Holidays has developed tailored packages for honeymooners or families, sun worshippers or divers. The packages include flights, hotel accommodation and island transfers.

Etihad Guest Members (http://www.etihadairways.com/sites/e...ihadGuest.aspx ) who book early and fly during the first 30 days of operation will be rewarded with twice as many Etihad Guest Miles (http://www.etihadairways.com/sites/e...howtoearn.aspx ). For further information, go to etihad.com. Terms and conditions apply.

Malé will become the 67th destination on Etihad's global network (http://www.etihadairways.com/sites/e...lights-to.aspx ).

Notes to Editors:
*Maldives Tourism Promotion Board

About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates, based in the UAE's capital, Abu Dhabi. The airline flies to 66 destinations in the Middle East, Europe, North America, Africa, Asia and Australia.
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Old April 6th, 2011, 03:17 PM   #651
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Emirates expands South American network with flights to Buenos Aires and Rio de Janeiro

6 April 2011

Two of South America's most iconic cities will soon have a faster link to Dubai and over 100 destinations worldwide when Emirates commences its daily non-stop service to Rio de Janeiro and extension to Buenos Aires from 3rd January 2012.


Buenos Aires.

"Both Buenos Aires and Rio de Janeiro are rightly renowned as world-class leisure destinations as well as important business and trading centres. Our research has shown that there is a high demand for these cities from across our network," said His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline & Group.

"Brazil has been part of the Emirates network since 2007 when we began flights from Dubai to Sao Paulo. With the country playing host to both the 2014 FIFA World Cup and 2016 Olympics, Brazil will be further catapulted into the world's spotlight, and we will be in a prime position to transport sports enthusiasts to these renowned events. Meanwhile, our first service to Argentina is a much-anticipated addition to our network which will open important new markets for us," added Sheikh Ahmed.

"Emirates' plans to implement services from Dubai to Buenos Aires and Rio de Janeiro will play an important role in increasing tourism, trade and investment between Argentina, Brazil and the UAE, in addition to the airline's vast global network," said Carlos Enrique Meyer, Minister of Tourism of Argentina.

"Emirates' current service to Sao Paulo has been extremely popular since it was first introduced. The addition of Rio de Janeiro will serve to further increase the cultural ties between our two nations," said Pedro Novaes, Minister of Tourism of Brazil.

The Dubai-Rio de Janeiro-Buenos Aires service will be operated by a Boeing 777-300ER aircraft offering eight First Class Private Suites, 42 lie-flat seats in Business and 304 seats in Economy.

Throughout all cabin classes, passengers can enjoy over 1,200 channels of entertainment on demand on "ice", the airline's award-winning in-flight entertainment system.

Passengers flying Emirates from Buenos Aires and Rio will also be able to connect to Emirates' global network across the Far and Middle East, Indian sub-continent, Africa, and Australasia via its hub in Dubai.

"The arrival of Emirates will be an important bridge between Rio de Janeiro and the East, generating many new trade and tourism opportunities," said Sergio Cabral Filho, Governor of the State of Rio de Janeiro. "Rio has, today, one of the world's most impressive international events calendars including, the 2011 World Military Games, the 2013 Cup of the Confederations, the 2014 FIFA World Cup and the 2016 Olympic Games. This new service, from January 2012, will be an extraordinary gain for our state and our city."

The bellyhold capacity on the 777-300ER will support key imports and exports including automobile parts, accessories, manufactured goods, fruit and vegetables, machinery and pharmaceutical products from Rio. For Buenos Aires, key imports and exports include perishables, textiles as well as pharmaceuticals.

Over the last few years, South America has experienced record-paced economic growth, even in the shadow of the global downturn of 2008.

Brazil stands as one of the world's fastest-growing economies, thanks to its success in the petroleum sector, a young and active workforce and stability in urban growth. Trade between Brazil and the Middle East follows the trend: according to the Arab Brazilian Chamber of Commerce, exports to Arab countries totalled $12.57bn in 2010, representing an annual growth of 34%, while imports ended the year with $6.96bn, an increase of 33% compared to 2009.

Argentina has also experienced positive economic growth in 2010. Tourism, one of the country's major economic drivers, is a good indicator.

According to INDEC (Argentina's National Institute of Statistics and Censuses) there were 2.6 million foreign tourist arrivals at Buenos Aires airports in 2010, (an annual increase of 27%). Government projections for international visitors for the 2010-2012 period are very optimistic with Asian markets expected to increase their current share of the tourism market.

Starting 3rd January 2012, EK 247 will leave Dubai daily at 0705hrs and arrive at Rio's Antônio Carlos Jobim International Airport at 1535hrs. It will depart Rio at 1720hrs, arriving at Buenos Aires Ministro Pistarini International Airport (Ezeiza) at 1930hrs. From Buenos Aires, EK 248 departs at 2130hrs, arriving in Rio at 0120hrs the next day. The aircraft will depart Rio at 0255hours, arriving in Dubai at 2235hrs.

http://www.ameinfo.com/261356.html
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Old April 10th, 2011, 02:50 PM   #652
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Old April 11th, 2011, 03:21 PM   #653
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Emirates launches Airbus A380 to Shanghai

Shanghai, the most populous city in China, is set to join Emirates' expanding list of Airbus A380 destinations, when the superjumbo begins its non-stop service from Dubai on 27th April 2011. Shanghai will be Emirates' third destination in Greater China to welcome the Airbus A380, following the launch of the aircraft to Beijing on 1st August 2010 and Hong Kong on 1st October 2010.


Emirates' A380 will begin non-stop flights between Dubai and Shanghai on 27th April 2011.

Emirates' 489-seater A380, which will be the first scheduled A380 service to Shanghai, will operate three days a week (Wednesday, Friday and Sunday) as EK302 departing Dubai at 0310hrs (local time) and arriving at Shanghai Pudong International Airport at 1530hrs (local). The return flight EK303 departs Shanghai at 2330hrs (local) and arrives in Dubai at 0430hrs (local) the following day.

"Thanks to the support that we have received from the Civil Aviation Administration of China and the Shanghai Airport Authority, Shanghai will become the latest destination to join our global Airbus A380 network. Emirates currently has 15 A380s in service, flying from Dubai to 10 countries around the world," said His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline & Group.

"Emirates has enjoyed a long and successful partnership with China, we began cargo operations between Dubai and Shanghai in 2002, and then started passenger services in 2004. The A380 launch demonstrates our continuing commitment to this important country, in addition to boosting trade between China and Dubai, the Middle East and Africa," added Sheikh Ahmed.

"We are happy to welcome Shanghai's first A380 flight to land at Shanghai Pudong Airport, having adapted the facilities and enforced thorough safeguard measures for A380s to ensure the smooth operations of this revolutionary superjumbo," said Mr Yu Wuyan, Vice President, Shanghai Airport Authority & Chairman of the Board, Shanghai International Airport.

The arrival time of the Emirates' A380 in Dubai offers passengers from China with a convenient transfer to an expansive list of Emirates' destinations in the Middle East, which saw the addition of Basra on 1st February 2011; Africa and a growing number of cities in Europe, which following the 1st June 2011 launch of Geneva and the Copenhagen launch on 1st August 2011 will stand at 27.

For passengers wishing to stopover in Dubai, the city has an enormous amount to offer from world class golf courses to fine dining, and views from the tallest building in the world to an enormous range of shopping options. Over 111,000 business and leisure travellers visited Dubai in 2010 from China following the UAE gaining Approved Destination Status.

Sitting on the mouth of the Yangtze River, Shanghai is a truly global city, home to over 19 million people and an international hub for finance, culture, art, fashion, research and entertainment.

Shanghai, famous for its historical landmarks, such as the Bund and its modern and ever-expanding skyline, was the host city for the 184 day 2010 World Expo, which attracted over 73 million visitors and allowed countries from around the world to showcase themselves on a world stage.

Currently Emirates operates double-daily services each to Beijing, Shanghai and Hong Kong, and daily services to Guangzhou; while the airline's fleet of 15 A380s are currently operating on services from Dubai to London Heathrow (double-daily), Manchester, Paris Charles de Gaulle, Toronto, Seoul, Bangkok, Beijing, Jeddah, New York, Hong Kong, Sydney and Auckland.

http://www.ameinfo.com/261751.html
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Old April 12th, 2011, 06:21 AM   #654
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Nice route, Dubai-Rio-Buenos Aires.

Emirates could fly to São Paulo in A380 next year.
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Old April 19th, 2011, 09:12 PM   #655
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Hello guys recently etihad airways has started up, up and away promotion which will enable up to 20% discount on regular prices. can you tell me how to get this discount price for flight from Toronto to Dhaka. As I am not seeing any discount rate during booking... Thanks...
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Old April 20th, 2011, 01:47 AM   #656
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Anyone know why within a matter of 24 hours the price of LHR-DXB-IKA-DXB-LHR has gone up by £20? it was £455 now its £475. is it because of the fuel costs have risen or the half term in the uk?
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Old May 1st, 2011, 04:57 PM   #657
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Emirates’ dnata, Lufthansa to ink catering deal by Sept

Sunday, 1 May 2011


Emirates unveils financial results for the second half of 2010 on May 10

Dnata, the airline services arm of Emirates Group, is likely to complete a joint venture deal with Germany’s Luftansa Group by September, despite ongoing animosity between the pair’s airlines.

The deal, which is awaiting approval from the European Commission and both company boards, would see Lufthansa unit Sky Chefs link up with dnata’s Alpha Flight Group to form a joint airline catering venture.

“We will get there by September and it will happen. Gary Chapman, president of dnata, told Arabian Business. “We expect a significant synergy from that and it will take a lot of focus.” Dnata acquired Alpha Flight from Italy’s Autogrill for $165.7m last year.

The deal comes despite the war of words between Germany’s Lufthansa and Emirates Airline, over the Dubai flag carrier’s aggressive expansion into the European long-haul market.

The German airline has lobbied its government to stop Emirates serving more German cities, leading Emirates’ President Tim Clarke to accuse the rival airline of sabotage.

Their mantra is to take the Gulf carriers down, as well as dominate the markets they sit in,” he said in January.

The pending deal is an indication the firms are able to put aside commercial disputes in order to capitalise on lucrative business opportunities, Chapman said.

“Yes there are areas of conflict but that does not mean we cannot work together on the catering side in the UK as that is the sensible decision for both organizations,” he said.

“I spoke to my chairman Sheikh Ahmed and said, ‘here’s an opportunity and it is a sensible [one]. Despite what might be going on, on an airline front, we should do it.’ [He said] you should do what is right for the business.”

Government-owned dnata, which last year saw profits rise 20.9 percent to a record AED613m ($167m) launched a branding campaign on Thursday aimed at boosting its profile abroad.

The new corporate branding will be rolled out across 38 countries, where dnata employs some 20,000 staff.

Dnata holds a 23 percent share in the British corporate travel company Hogg Robinson Group and owns 49 percent in South Africa-based outsource provider Mind Pearl.

http://www.arabianbusiness.com/emira...pt-397133.html
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Old May 2nd, 2011, 09:41 PM   #658
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Old May 3rd, 2011, 12:20 AM   #659
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Any frequent flyers on EK know if the usb slot can read avi files? I know that it can read music and such but would be great if it can show tv shows
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Old May 4th, 2011, 01:43 PM   #660
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Source:http://www.businesstraveller.com/mid...ay-for-ek-a380
Quote:
Rome for a day for Emirates A380
Originally published on middle-east.businesstraveller.com 04/05/2011 - Filed under: News »

Emirates is sending an A380 aircraft to Rome to mark Fiumicino airport's 50th anniversary, along with 150 years of Italian unification, on June 6.

The one-off service sees the superjumbo replaces EK97 and EK98 - departing Dubai at 0855hrs and arriving in Rome at 1315hrs, while the return flight leaves Fiumicino at 1645hrs and arrives in Dubai 0035hrs the next day.

Flying into Rome on the back of the UN's World Environment Day (June 5), Emirates is keen to promote the A380s' environmental credentials.

The airline claims the 517-seat double decker is the most significant advancement in reducing fuel consumption and emissions in four decades.

Salem Obaidalla, Emirates' Senior Vice President, Commercial Operations, Europe & Russian Federation, said: "Many of those who have watched our A380 since its introduction to the fleet in 2008 may not realise that the A380 experience comes at no extra cost compared to our other aircraft."

The Italians are keen to court more A380 business following the investment of a new dedicated loading bridge at the airport.

For more information, visit emirates.com

Report by Dominic Ellis
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