Emirates will receive financial aid from the Dubai government to help the world’s largest long-haul airline weather the international collapse in air travel demand.
Dubai’s government will inject equity into the company because of its importance to the economy and the airline’s role in positioning the emirate as a major international aviation hub, according to state media agency WAM.
“Dubai is fully committed to supporting Emirates airlines in the current critical period,” said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai.
The announcement comes after a two week flight suspension was brought by in the UAE in an effort to control the spread of Covid-19.
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