• Most Popular
  • Most Shared

Emirates says new airline to lease, buy planes

Tue Mar 18, 2008 6:29am EDT

DUBAI, March 18 (Reuters) - Dubai's new low cost-carrier plans to lease or buy single-aisle aircraft and will begin operations within a year, Emirates [EMAIR.UL] chairman said on Tuesday.

"There is a need for it in the region," Shaikh Ahmed bin Saaed al-Maktoum told Reuters by telephone, adding that it will fly to destinations between four to four and half hours away from Dubai.

The new airline will operate under Emirates, the official state news agency said.

The airline will look to lease or buy planes such as Boeing Co 737s or Airbus 320s, he said. "We are looking at the market." (Reporting by James Cordahi; Editing by Inal Ersan)



More from Reuters

Photo

No sign Detroit flight incident in larger plot: U.S.

WASHINGTON (Reuters) - There is no initial evidence that the Nigerian man charged with trying to blow up a U.S. passenger jet was involved in a larger plot, a senior U.S. official said on Sunday.

» More Top News
The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

What a wacky year it's been...

Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

Oddly Enough
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets