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FINANCIAL NEWS
Emirates airline growth to slow down till 2020
21 Oct 2014
(MENAFN) Emirates airline’s growth is expected to slow down for a while due to Dubai government’s billions-worth investments plans the further development of Dubai’s airport, which will help make the emirate a global aviation hub in the future, Gulf News reported.
Emirates, which increased its fleet by almost 10 percent with the addition of 24 aircraft, reported that the number of passengers increased by 13.1 percent with 44.5 million travelling with the airline for the financial year ending March 31.
Emirates’ growth will be affected in part by capacity issues at Dubai International airport and until the launch of Al Maktoum International at Dubai World Central in 2020, which will have a capacity of 120 million passengers a year, at a cost of USD32 billion.
Dubai International, which handled 66 million passengers in 2013, is currently lifting capacity to 75 million a year and expects that its capacity will reach around 100 million passengers a year by 2020.
“The expansion plan we have over the next seven years is going be a lot less than recent years,” Divisional Vice-President for Route Planning at Emirates airline said.
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