UAE Vows to Inject Liquidity Into Emirates
Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has vowed that Dubai will inject funding into Emirates amid the ongoing coronavirus pandemic.
On Twitter, Sheikh Hamdan said that “the government of Dubai is committed to fully supporting Emirates at this crucial time and will inject liquidity into the company”.
“Emirates, our national carrier, positioned Dubai as a global travel hub and has great strategic value as one of the main pillars of Dubai’s economy, as well as the wider economy of the UAE,” he added.
Travel restrictions imposed as a result of the coronavirus pandemic forced Emirates to suspend passenger operations earlier in March, as well as cut staff wages.
Further details of the government plan to inject funds into the airline will be announced: “at a later stage”.