{"id":652557,"date":"2017-01-13T08:39:15","date_gmt":"2017-01-13T08:39:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/13\/emirates-rise-to-becoming-the-worlds-largest-long-haul-carrier-and-the-threats-it-faces\/"},"modified":"2017-01-13T08:39:15","modified_gmt":"2017-01-13T08:39:15","slug":"emirates-rise-to-becoming-the-worlds-largest-long-haul-carrier-and-the-threats-it-faces","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/13\/emirates-rise-to-becoming-the-worlds-largest-long-haul-carrier-and-the-threats-it-faces\/","title":{"rendered":"Emirates\u2019 rise to becoming the world\u2019s largest long-haul carrier and the threats it faces"},"content":{"rendered":"<p><strong>Glamor and ambition in a framework of absolute control. Or: The rise of Emirates as the world\u2019s largest long-haul carrier: <\/strong>Malcolm Campbell asks if Dubai\u2019s Emirates airline \u201crunning out of sky,\u201d in <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2017-01-05\/is-emirates-airline-running-out-of-sky\">an in-depth report for Bloomberg Businessweek<\/a>. Tracing back the origins of the airline\u2019s founding, Campbell writes about how Emirates \u201chas grown from a two-plane operation at a desert airstrip into a force whose every movement rumbles through global aviation.\u201d He says: \u201cThe airline\u2019s growth is inseparable from that of Dubai, with both straining the laws of financial and physical gravity.\u201d<\/p>\n<p><strong>Emirates has become the world\u2019s largest long-haul carrier by never relaxing its grip <\/strong>\u2014 on employees, on airplane manufacturers, or on its own ambitions. The scope of Emirates\u2019 reach from Dubai is vast: Two-thirds of the world\u2019s population lives within the radius of an eight-hour flight. While the airline is adamant it never received subsidies since its startup grant, \u201cthere\u2019s no question it\u2019s operated in an environment that drives Western airlines mad with envy,\u201d Campbell writes. \u201cFor starters, Dubai won the geographic lottery. <strong>From a fuel and flight-time perspective, the Persian Gulf is the most efficient place on the planet to connect Europe with Southeast Asia and Australia, and the U.S. with India<\/strong>. Strikes and protests aren't an issue \u2014 unions are banned, and rights to free speech and assembly are severely limited. Corporate and income taxes are nil. And then there are the advantages of being the favored corporation of an absolute ruler whose word is literally law. Unlike Heathrow Airport and Los Angeles International, where the rights of nearby citizens to sleep without jet noise must be respected, Dubai International Airport runs at full speed 24 hours a day, allowing Emirates to optimize connection times for a network that spans from Buenos Aires to Christchurch, New Zealand.\u201d<\/p>\n<p><strong>President Tim Clark, who was been with Emirates since its founding in 1984, has a marked impact on the airline and its performance<\/strong>. His tenure as company president, Campbell writes, \u201chas been defined by bold gestures, and he relishes recounting occasions when a seemingly doomed gamble went his way. <strong>He\u2019s claimed credit for silencing naysayers who told him that reviving the Jet Age concept of an onboard bar<\/strong>, in Emirates\u2019 case on the upper deck of the A380, would be an expensive folly that no passenger would bother using. (They very much do.) The same goes for the airborne showers in first class, requiring planes to take off with 2.2 metric tons of water.\u201d However, as most viable routes are already heavily served, Emirates has been forced to go farther afield to keep growing, and Clark concedes that \u201cEmirates\u2019 emergence as a boundary-pushing titan of global aviation was an outcome of an era that may now be at an end.\u201d<\/p>\n<p><strong>The airline is facing a number of new risks<\/strong>. Betting on the growth of what development economists call the Global South \u2014 the Middle East, Africa, South Asia, and Latin America \u2014 \u201cthe airline is at risk if those emerging markets don\u2019t, in fact, emerge.\u201d Besides the tempered demand and economic prospects, US airlines are likely to challenge the Open Skies agreement that allows unlimited flights between the GCC and the US. US carriers Delta, American, and United, along with several industry unions, are already petitioning the incoming Trump administration to revisit the agreement. \u201c<strong>Their argument, that deep-pocketed foreigners are threatening American jobs by flooding the market with subsidized capacity, was once seen in business circles as a long shot\u2014but it happens to resonate precisely with President-elect Donald Trump\u2019s stated view of the world<\/strong>. Similar efforts are afoot in Europe.\u201d Campbell sounds an ominous warning, saying: \u201cIn the 70-odd years of large-scale commercial aviation, no airline has managed to stay on top for long. Pan Am was the last word in intercontinental glamor in its day, and its day came to an end.\u201d<\/p>\n<p>You can listen to the story being discussed on <a href=\"https:\/\/soundcloud.com\/bloomberg-business\/bloomberg-businessweek-4\">Bloomberg radio here<\/a> (runtime 11:25).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glamor and ambition in a framework of absolute control. Or: The rise of Emirates as the world\u2019s largest long-haul carrier: Malcolm Campbell asks if Dubai\u2019s Emirates airline \u201crunning out of sky,\u201d in an in-depth report for Bloomberg Businessweek. Tracing back the origins of the airline\u2019s founding, Campbell writes about how Emirates \u201chas grown from a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12012],"tags":[72,2380,12011,12010],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652557","post","type-post","status-publish","format-standard","hentry","category-speed-round-the-weekend-edition","tag-enterpriseam","tag-speed-round","tag-speed-round-the-weekend-edition","tag-the-weekend-edition","wpautop","entry"],"acf":{"mongo_id":"6c94774f-fdde-4a27-b7d9-77d416b4f537","order":"0","is_powered_by":true,"section_story_id":"0de3d6fc-1d50-4615-b6c7-ac7d3eb1911d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652552],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Emirates\u2019 rise to becoming the world\u2019s largest long-haul carrier and the threats it faces - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/13\/emirates-rise-to-becoming-the-worlds-largest-long-haul-carrier-and-the-threats-it-faces\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirates\u2019 rise to becoming the world\u2019s largest long-haul carrier and the threats it faces\" \/>\n<meta property=\"og:description\" content=\"Glamor and ambition in a framework of absolute control. 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Ghanem, a senior executive who joined Emirates\u2019 managers\u2019 training program after graduation five years ago, said Egypt is an important and growing market for the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593959,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/emirates-nbd-egypt-appoints-new-ceo\/","url_meta":{"origin":652557,"position":1},"title":"Emirates NBD Egypt appoints new CEO","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"MOVES- Emirates NBD Egypt has appointed Mohamed Zakout as CEO for retail banking, Al Mal reported. Zakout has 27 years of experience in the banking sector.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597817,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/egypts-non-oil-business-activity-expands-for-the-first-time-in-eight-months\/","url_meta":{"origin":652557,"position":2},"title":"Egypt\u2019s non-oil business activity expands for the first time in eight months","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Non-oil business activity expanded for the first time in eight months in April, driven by a rise in domestic orders, according to the Markit \/ Emirates NBD PMI gauge (pdf). The latest purchasing managers\u2019 index hit 50.8 in April up from 49.9 in March \u2014 the largest monthly increase since\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1730.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576246,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/emirates-nbd-denies-reports-it-has-exited-the-race-to-buy-bloms-egypt-arm\/","url_meta":{"origin":652557,"position":3},"title":"Emirates NBD denies reports it has exited the race to buy Blom\u2019s Egypt arm","author":"enterpriseam admin","date":"17 November 2020","format":false,"excerpt":"M&A WATCH- Emirates NBD denies reports it has exited the race to buy Blom\u2019s Egypt arm: Sources at Emirates NBD have rejected claims that it has pulled out of the race to acquire Blom Bank Egypt and said the bank will submit an offer in the coming days, Hapi Journal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/179.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573605,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/emirates-nbd-eyes-purchase-of-blom-banks-egypt-assets\/","url_meta":{"origin":652557,"position":4},"title":"Emirates NBD eyes purchase of Blom Bank\u2019s Egypt assets","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"M&A WATCH- Emirates NBD is considering purchasing Blom Bank\u2019s Egypt assets, HapiJournal reports, citing unnamed sources familiar with the matter. They said the Emirati bank is looking to strengthen its presence in Egypt, without providing additional details. Background: Lebanon\u2019s Blom Bank earlier in the year denied that it is looking\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575552,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/blom-bank-egypt-sale-could-wrap-in-november-sources-say\/","url_meta":{"origin":652557,"position":5},"title":"Blom Bank Egypt sale could wrap in November, sources say","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"M&A WATCH- Blom Bank\u2019s sale of its Egypt arm could be completed in November, with offers from Emirates NBD and Bahrain\u2019s Bank ABC expected within \u201cdays,\u201d Al Masry Al Youm reports, citing sources with knowledge of the transaction. Emirates NBD completed due diligence last week while Bank ABC is expected\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=652557"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652557\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652552"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652557"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652557"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}