Dubai government to inject capital into Emirates airline

iStock

The Dubai government will inject fresh equity into the Emirates Airline to help the carrier overcome the impact cause by the coronavirus pandemic.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said the government is fully committed to supporting the carrier.

The move, he explained, is in recognition of the airline's strategic importance to the local economy, and its key role in positioning Dubai as a major international aviation hub.

Sheikh Hamdan added that further details will be announced at a later stage.

The UAE carrier had suspended most of its operations from March 25 following travel restrictions imposed due to the COVID-19 pandemic.

More from Business

Latest Local News