Tim Clark is tired of saying it, but will say it as many times as is necessary. Emirates Airlines is not subsidised by Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai, and it generates its own cash for investment in its fleet.
“The biggest form of subsidy for airlines is aero-political protection,” says the Emirates Airlines president who was one of the founding team of 10 executives when Sheikh Mohammed decided to launch the carrier in 1985.
