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Why Emirates is running out of cash

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One of the worlds biggest airlines is running out of cash.

Dubai based, Emirates Airline may soon may soon be reaching out for government support, as many parts of the aviation sector still battle through the pain of COVID-19 and the impacts the pandemic is having on the global aviation industry.

We could soon see the Dubai-based airline reach out to the Dubai Government, requesting another equity injection if demand for air-travel doesn’t pick up.

The middle east carrier had hoped that the global rollout of the COVID-19 vaccine would renew confidence in the air travel but demand remains at very low levels. 

Many airlines are continuing to ground planes and some are even flying them near-empty.

The President of Emirates Airline says the carrier is “good for another six, seven or eight months in terms of cash” stating that the airline was just cutting it thin by covering operational costs through current cash flow.

Emirates, the operator of the world’s biggest A380 fleet lost $3.4 billion US dollars in the first half of the year however received $2billion in equity in 2020 from the Dubai Government. 

Emirates has resumed flights with all of its 151 Boeing triple seven jets which are mainly carrying cargo but in terms of passenger numbers Emirates are seeing between 20,000 to 30,000 passengers a day.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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From $25K to $1.5M in real estate: expert unveils game-changing strategy for investors

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Empower your property investing with these key tips

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Dean Fraser, Founder and CEO of BrickFloor. #trending #wyld money

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