China's heavy
handed Hong Kong celebrations
29 June 2007
On Sunday night,
in the biggest and costliest extravaganza in its history, Hong Kong will
launch 31,888 fireworks shells into the air above Victoria Harbour to mark
the 10th anniversary of its handover to Chinese control.
But this will be a
very Chinese firework display. Beginning with a scene called "Salute to the
Motherland," the million gala will reach a climax with a dramatic display of
three huge Chinese characters spelling out a phrase meaning "Chinese
people."
Just in case any
doubts remain afterward, Hong Kong is organizing more than 450 other events
to mark the anniversary, including Chinese art exhibits, Chinese ballet
dancers, Chinese dinosaurs in the museum, Chinese pandas in the zoo, Chinese
pop singers, Chinese military performances, and even a "wonderful decade"
essay-writing contest in which students can express their pride in China's
takeover of the former British colony.
Hong Kong's
politicians and bureaucrats are jostling to proclaim the most lavish praise
of "the motherland" — the new politically correct term for China. "It has
been 10 years since Hong Kong's reunification with the motherland," Ambrose
Lee, the secretary for sycophants and security, said in a typical speech
this month. "Now we live and work in peace and contentment."
Yet the majority of Hong
Kong's people still do not see themselves as primarily Chinese. Opinion
polls confirm that most of the territory's 7 million residents label
themselves "Hong Kongers" or "Hong Kong Chinese" — a unique identity. One
recent poll found that 53 per cent saw themselves as Hong Kongers; only 34
per cent defined themselves as Chinese, about 6 percentage points higher
than in a similar poll in 1998.
Perhaps the one
issue that has not change in ten years is the wish for autonomy and the
search for an identity that will keep Hong Kong distinct from the dozens of
similarly sized Chinese cities on the mainland. The territory's residents
are more active in asserting their right to influence the shape of their
city.
Salik shambles
28 June 2007
On 1 July 2007
Dubai will introduce its first road usage tax with the arrival of the Salik
system on Shelik Zayed road. The AED4 tax will be charged at two points on
the road - by the Garhoud bridge and after the Mall of the Emirates.
Predictably the
implementation of the tax is not welcome among Dubai's tax-free population;
the problems are enhanced by an over hasty implementation.
One concern is the
lack of viable alternatives to the road until alternative routes and the new
metro network are completed.
In addition
drivers protest that the four-dirham ($1.08) levy is too high for a majority
of workers, already facing rampant inflation, which hit 9.3 percent in 2006.
The cost of rental housing has more than doubled in the past two years. For
an average low-middle income earner of around 5,000 dirhams ($1,360) a
month, who commutes between the relatively cheaper northern emirate of
Sharjah to Dubai's southern industrial zone, the toll road means an extra
monthly expense of around 400 dirhams ($110).
Salik, expected to
generate annual revenues of 600 million dirhams ($163 million), could
effectively wipe out workers' small savings or remittances to families in
poor countries.
"It is a tax ... A
money-raising scheme," said a Dubai-based economist who did not think that
Salik would help effectively in reducing traffic, but would increase the
financial burden on workers. "Increasingly you hear of cases of people
becoming unwilling to come to Dubai" due to the increasing cost of living,
she added, requesting anonymity. The government says the tollgates on the
Garhoud Bridge over Dubai's Creek and at the southern end of the extremely
busy 25-km stretch of road aim to reduce congestion.
Until a few years
ago, this stretch of road, was considered an out-of-town highway. It is now
a main street in the middle of the ever-growing city-state, flanked by
hundreds of office and residential towers and hotels. "Dubai's road toll
system will help reduce traffic by 25 per cent on the toll roads and
encourage motorists to use alternative roads and public transport," Traffic
and Roads Agency (RTA) chief Maitha Obaid bin Udai said in May.
The trouble is
that many of the alternative routes are already too busy. A 13-lane bridge
over the creek was recently opened with a floating bridge being constructed
further along to raise the number of crossing passages to five, while the
Emirates Road bypass is being widened from six to 12 lanes. Most of the
alternative routes proposed by RTA to ease congestion on the artery road are
already crowded, with roads having to cope with more than a million
registered cars.
Many believe the
move's real aim is to tax people. The tax applies 24 hours, 7 days a week.
So even off peak journeys in the middle of the night pay the toll charge.
This actually makes little sense. A staggered toll where higher fees are
paid during rush hours would be more likely to change driving patterns.
The over hasty
implementation has caused great confusion. Garages and banks that are
selling the Salik starter pack require a copy of your car registration. Some
are asking for further id. The car rental companies have not yet received
their Salik cards. There is a significant shortage and the their will be
disputes with the rental companies over liability for fines after the 1 July
start date if the rental companies have not distributed the salik cards by
this date.
The economy of
Dubai has been growing at an impressive double-digit rate since 2000,
thriving in an environment free of corporate and personal income tax. But
indirect taxation, like council taxes, is already in place, and sales or
value-added tax is expected to be introduced in the near future. There will
be more road taxes and a sales tax is not so far away.
Hong Kong - the
great survivor
25 June 2007
At the end of this
month there will be celebrations across Hong Kong to mark 10 years since the
return of Hong Kong from Britain to China.
Ten years ago I
was in Hong Kong; the handover was a solemn and formal affair. It rained.
And it rained. There were parties across the city. The British left with
pomp and ceremony. The Last Night of the Proms came to Hong Kong and it felt
incredibly appropriate. There was huge uncertainty about how Hong Kong would
adapt to Chinese rule.
But ten years on
Hong Kong's incredible knack for evolving, reinventing itself has confounded
the doubters despite a number of crises along the way.
The troubles began
on the first day of Chinese rule when Thailand's tumbling currency triggered
an Asian financial meltdown that spread from country to country. Hong Kong's
stock market plummeted by 60 percent. Unemployment nearly tripled to 6
percent by the end of 1998. Homes lost half of their value. Confidence
disappeared from Hong Kong.
Then the city
recorded the first known cases of the deadly H5N1 bird flu virus in humans.
It killed six people and prompted the government to slaughter the entire
poultry population.
A few years later,
a mysterious virus crossed the border from China and turned Hong Kong into
the epicenter of what became known as SARS — severe acute respiratory
syndrome — which killed nearly 300 people in the territory.
Tourism shriveled
and the economy again slipped into recession. The streets were empty. The
new airport almost closed down.
As Hong Kong was
recovering from the SARS crisis, the government began pushing an
anti-subversion bill which many feared would threaten civil liberties. On
July 1, 2003, the sixth anniversary of the handover, a staggering 500,000
people rallied in protest.
Compounding their
anger was a sense that the government had bungled the SARS crisis and was
dragging its feet on democratic reforms. The massive rally rattled Beijing
and Hong Kong's chief executive, Tung Chee-hwa.
Two years later
Tung resigned, citing failing health. The city celebrated. Tung had been too
cautious, too deferential to Beijing, too out of touch with the people. It
was widely believed China had lost confidence in the man it handpicked for
the job, and preferred Donald Tsang, a savvy veteran administrator trusted
by the people. In March, he was selected to serve a new term by an 800-seat
election committee loaded with members loyal to Beijing.
Democracy has not
come to Hong Kong. There is self censorship in the business savvy media.
Owners, concerned for their investments in China, make their publications
censor themselves.
Yet for all the
crises along the way ten years after the return to Chinese rule, can-do
optimism has once again brought Hong Kong roaring back to success.
For the visitor,
much in Hong Kong has changed. There are the physical aspects, of course:
the skyline has risen; the old Star Ferry terminal on Hong Kong Island's
harbour front has been ripped down; the Peak Tower, which on those few clear
clear days gives panoramic views over the city, has been revamped. But the
most significant shift is that Hong Kong's tourists are now for the most
part Chinese.
In 1997, 2.3
million visitors arrived from the mainland; last year that figure hit 13.5
million, constituting more than half of total visitor arrivals to the
Special Administrative Region (SAR). And the mainlanders are spending.
Walk into any of
the designer clothes stores in the glitzy malls of the International Finance
Centre and Pacific Place, and you'll hear the shop assistants conversing
with their customers in Mandarin. The people of Hong Kong have become
trilingual. Mandarin is now as important a second language as English.
At Disneyland in
Hong Kong, which opened in 2005, adult Chinese mainlanders queue to spin
around in giant plastic tea cups. Ocean Park, which has offered rides and
wildlife attractions for three decades, began an ambitious redevelopment
last year; many of its customers, too, are mainland Chinese.
Hong Kong's
restaurant industry always a great indicator of the state of the economy has
discovered Sino-chic. Just last month, the ultra-stylish Yun Fu opened in
Wyndham Street. Its decor recalls an ancient Chinese mansion house; its menu
features the cuisine of China's ethnic minorities.
Across the harbour
in Tsim Sha Tsui, Hutong serves northern Chinese food with a contemporary
twist among its bamboo screens and billowing silk curtains.
There is also a
sense that health and quality of life are new priorities. Hong Kong is more
than about money making. That is a significant change. Perhaps Hong Kong is
now the ultimate fusion of east and west, of old and new; a British legacy
on which a dynamic and vibrant Chinese city thrives. The people of Hong Kong
think of themselves as Hong Kong Chinese. There is great civic pride; even
among the new Chinese migrants into Hong Kong. It is that sense of identity
that will always make Hong Kong unique and that will ensure its prosperous
survival.
Britain's
declining influence in Hong Kong
25 June 2007
One sign of the
times is that no British Minister has been invited to join in the ten year
celebrations. The message is clear. British political interference is not
welcome. There is still tension over the lack of progress towards a
democratic Hong Kong. Chris Patten, Hong Kong's last Governor said recently,
that "everyone knows sooner or later Hong Kong people will run Hong Kong
through the ballot box and the sooner that happens the better," in an
interview with the South China Morning Post.
"I think the
dragging of feet over the implementation of the Joint Declaration and the
Basic Law is unfortunate," he added, referring to agreements reached over
Hong Kong's future after handover.
Hong Kong's
political leaders are selected by a small group of 800 Beijing loyalists.
Only half the territory's 60 legislators are chosen by direct election.
It was Margaret
Thatcher who negotiated the handover with Beijing in 1982. She recently
voiced her regrets about the "impossible" situation Britain faced in the
handover. She had tried to persuade China's late paramount leader Deng
Xiaoping to let Britain extend its lease on parts of the colony.
When this proved
impossible, she agreed to China's proposal of one country two systems -- but
admitted that she still has misgivings about the deal, under which Hong Kong
retains a large degree of autonomy.
Hong Kong remains
a major British trading partner. But the political influence is long gone
and the snub is clear and intended.
Beach police
make a fair cop
23 June 2007
The big news out
of Dubai today is the remarkable arrest rate of Dubai's beach cops. Remember
that there are only two small public beaches in Dubai. And then think about
the fact that 1,462 people have been arrested on the beach between 13 May
and 16 June. That is about 50 a day!
The arrests have
been part of a crack down against people harassing or taking secret
snapshots of female beachgoers.
Swimming in
unsuitable clothes is also an arrestable and common offence. Such vigilence!
Independently I am
also told that such offences are so common at the Wild Wadi Water theme park
that women are best advised not to even go there.
This harassment
occurs over the city. A single woman walking in the malls should expect to
be propositioned by men, individually or collectively. Weekends are
particularly bad. Better to know what to expect. This can be a grimy city.
Emirates adds
to India flights
22 June 2007
As a result of the revised bilateral between
India and Dubai, Emirates will increase frequencies and aircraft size on its
Indian services.
New Destination: Ahmedabad (AMD)
Effective 28 October, Emirates will commence 6x weekly flights to Ahmedabad
(AMD).
Flight timings (Daily ex-Tue):
EK538 DEP
DXB
2255 ARR
AMD
0310
EK539 DEP
AMD
0425 ARR
DXB
0610
Flights will be operated by A330-200 on Mon, Wed, Thu, Fri, Sun. The
Saturday flight will be operated by a B777-200.
Other highlights:
DXB-BOM
moves upto a 3x daily from 19x weekly. Also aircraft size is increased to a
B777-300ER on most flights, with the B777-200ER operating a few.
DXB-MAA
moves upto a double-daily from 8x weekly.
DXB-HYD
moves upto 11x weekly from 8x weekly.
DXB-COK
moves upto a 10x weekly from 7x weekly.
The additional frequencies will be phased in over the next few months and
most increases implemented by the end of October 2007.
Although there are no increases on
DEL
services, the new agreement will permit capacity increases from the start of
the summer 2008 schedule (end of March 2008) and beginning of July 2008.
expect
DEL
to move up to 10x weekly from end of March 2008 and then up to a
double-daily by beginning of July 2008.
Entitlements on the other India routes (TRV,
CCU
and
BLR)
remained unchanged. Remember, Emirates will add a 6th weekly to
CCU
from beginning of February 2008.
The frequency increases and new flights to
AMD
have been clearly well timed to connect with Emirates' new North American
services -
IAH
and
YYZ
as well as existing
JFK
flights.
The Orlando of
the Gulf
22 June 2007
Source: AFP
Widely touted as
the Middle East's very own Orlando, Dubailand, a cluster of
mega-billion-dollar projects, is gradually emerging across the desert sands
of the booming Gulf emirate.
Faced with a
dwindling wealth of oil, Dubai has taken on a new challenge of
larger-than-life projects in line with its ambition to become the region's
main business and leisure hub.
Already primed as
a holiday destination, it is fast executing plans to build a host of new
hotels, golf courses, malls and leisure facilities in order to more than
double the number of tourists to 15 million by 2015.
Initially planned
to cover an area of two billion square feet (185 square kilometres),
Dubailand, billed as the "world's most ambitious tourism, leisure and
entertainment project," is expected to be a sprawling three billion square
feet. This would make it larger than the entire city of Orlando, Florida --
home to Walt Disney World, Universal Resort, Sea World and a variety of
other attractions and hotels.
"Dubailand is
going to be a city within a city," said Mohammed al-Habbai, chief executive
officer of Dubailand, a subsidiary of the government-owned Tatweer.
"We are very
confident in what we are doing," he told AFP. "I would say that most of our
projects are on time."
Western-oriented
Dubai's bid to position itself on the world tourism map has propelled it way
ahead of its oil-rich conservative Gulf neighbours.
It already prides
itself on the sail-shaped Burj Al-Arab hotel and building three palm-tree
shaped islands off the coast, where the ambitious island project in the
shape of a world map has fast become yet another landmark.
On Monday, Dubai
also announced its 100-million-dollar purchase of the Queen Elizabeth 2, one
of the world's most majestic cruise liners, which it plans to turn it into a
luxury floating hotel berthed at one of the palm islands.
A model version of
Dubailand still shows its vast barren surroundings, which in three years
time will be awash with even more golf courses, theme parks, mega-malls and
residential towers.
"This area will
definitely be completely different by 2010," when three million visitors a
year are expected to Dubailand alone, said Habbai.
The entire
24-project venture, not scheduled for completion before 2025, is estimated
to cost 235 billion dirhams (64 billion dollars, 48 billion euros), 60
percent of which is expected to come from private investors.
This does not even
include the mammoth 'Bawadi' project, announced in 2006 as the world's
largest hospitality and leisure development consisting of more than 50
themed hotels with 60,000 rooms, almost double the number currently
available in Dubai.
In May, the
emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, seen as the driving
force behind Dubai's phenomenal economic growth, announced doubling the
value of Bawadi to 54 billion dollars.
One of its hotels,
AsiaAsia, tipped to be world's largest with 6,500 rooms, will be developed
by Tatweer, with 45 percent of Bawadi already agreed upon with private
investors, Habbai said.
Tatweer is part of
Dubai Holding, a conglomerate owned by the government of Dubai which
oversees mega-projects in the emirate, currently experiencing a burgeoning
property boom.
In the throes of
constructing the world's highest building, whose ultimate height remains a
closely-guarded secret, Dubai also plans to house a Great Wheel, whose size
will rival that of the London Eye observation wheel.
Dubailand will
also house the world's largest transparent snow dome and a Universal Studio
theme park, announced in March by Tatweer.
The latter will be
part of a 2.2-billion-dollar Universal City Dubai, comprising 4,000 hotel
rooms and some 100 restaurants.
Along with Tiger
Woods Dubai -- a 25-million-square-foot golf course and community featuring
palaces and mansions by September 2009 -- Universal City will be the only
Dubailand projects funded by Tatweer.
Taking it one step
further, the Falcon City of Wonders will boast replicas of the Pyramids, the
Eiffel Tower and the Hanging Gardens of Babylon.
Aqua Dunya is also
expected to be one of the world's largest water parks.
Several stadiums
are being constructed in Dubailand's Sports City and a comprehensive Motor
City is taking shape around the currently operational Dubai Autodrome.
Despite the
frenetic expansion, Habbai dismissed fears of saturation in the market,
which currently faces a hotel room shortage in peak periods.
"Dubailand is
going to create a new segment in the market for leisure and entertainment,"
now mainly focused on beach and shopping holidays, he said.
Grandiose shopping
malls are also well in the making in Dubai, a member of the seven-strong
United Arab Emirates.
Tatweer announced
in May a 2.7-billion-dollar deal with Al-Ghurair Investment to develop a
four-million-square-foot mall in the Bawadi retail zone.
And the Mall of
Arabia, expected to open its first phase in early 2009, aims to extend to
become the world's largest at 10 million square feet.
The Gulf's
major airlines continue to flourish
22 June 2007
Source Gulf
News
The Gulf may be
one of the hottest economic zones in the world, but the expansion plans of
the region's government-owned long-haul carriers still raise the odd
eyebrow.
How, sceptics
wonder, can such a small region accommodate three long-haul carriers -
Dubai's Emirates, Abu Dhabi's Etihad Airways and Qatar Airways - all located
within 250 miles of one another? The short answer is cash - and lots of it.
Emirates is now
profitable, Etihad and Qatar Airways hope to make money by 2010.
But in the longer
term, observers argue that Etihad and Emirates - whose bases in Abu Dhabi
and Dubai, respectively, are as close as Heathrow and Stansted - can only
eat into each other's international long-haul business, especially when
Qatar Airways and Bahrain's Gulf Air are added to the equation.
The governments
and managers behind these fast-growing airlines argue that the natural
growth of their home economies - 16 per cent last year in Dubai - fuels
these airlines' development.
In a symbiotic
turn, these airlines also help their home economies grow.
James Hogan, chief
executive of Etihad, says the situation in the Gulf mirrors the European
hubs, where London, Paris and Amsterdam developed into long-haul nodes
despite their close proximity. The huge Middle East and south Asian markets
will help the Gulf to assume the same role, he argues.
"Look at my
catchment area: it's the same population size as China," he says.
Hogan adds that
the long-distance capabilities of new aircraft provide the ideal opportunity
for grabbing international long-haul business, rather like the Asian hubs
did years ago on Australian routes.
In Doha, Qatar
Airways, too, sees long-haul growth as central to its strategy. It is
planning to double its fleet to more than 110 by 2015, as it ramps up its
portfolio of 75 destinations.
In Dubai, Emirates
has an an order book of $30 billion and plans for another 40-50
destinations.
The Americas and
Africa are at the forefront of plans to increase the 104-strong fleet.
The middle of next
year will signal another growth spurt for the airline, with the arrival of
the first delayed A380s and the completion of the first part of new
terminals at Dubai airport.
Political dynamic
Extra Boeing
777ERs - arriving at a rate of one or two a month - will meet some of the
capacity shortfall expected from the delayed A380s, which have set back
Emirates' plans by two years, says Tim Clark, Emirates' president.
Emirates also
hopes to capitalise on travel associated with an emerging political dynamic:
China and Africa. "The Chinese are swamping Africa," Clark says. He notes
that when he returned home to Dubai on the second Beijing-Dubai flight last
year, most of the passengers were en route to Africa.
The airline plans
to raise the number of Chinese destinations beyond Beijing and Shanghai to
five, while also increasing the airline's portfolio of 10 routes into
Africa.
Hogan at Etihad is
now concentrating on consolidating the rapid growth of the airline's first
four years. The route roster of 42 will grow to include new destinations
such as Dublin and Milan, while his fleet will almost double from 26 to
around 50 in the next five years, he says.
Some of this will
be used to boost the frequency of short-haul flights by purchasing Airbus
A319s, A320s, or Boeing 737s. Local traffic provides another opportunity,
set to see double-digit growth for years to come, according to a recent
report from the Centre for Pacific Aviation.
The value of
intra-Middle East travel and short-haul connections to growing south Asian
markets could persuade other operators to open hubs in the Gulf.
The rise of the
regional low-cost carrier has certainly made Emirates sit up and notice, but
despite the arrival of Etihad and no-frills carriers such as Sharjah's Air
Arabia and Kuwait's Al Jazeera, the airline's seat factor has remained
constant at 90 per cent, says Clark.
Emirates has no
plans to launch a budget airline from Dubai, but Clark remains convinced by
the low-cost model. Emirates encouraged officials to build a low-cost
terminal at Dubai's new airport in the western industrial zone of Jebel Ali,
which is scheduled for completion in 2008. It will be 10 times larger than
Dubai's existing airport.
The Dubai airline
also applied for a Saudi licence, which eventually went to new Saudi-owned
low-cost carriers, Sama and NAS.
The joint venture
with Saudi prince Al Waleed Bin Talal was to be a 60-aircraft airline called
Burj, but failed to get off the ground. "I think they were afraid of
Emirates coming into their market," says Clark.
Emirates Airline and Group
Dubai-based Emirates airline
and Group is chaired by Shaikh Ahmad Bin Saeed Al Maktoum. President of
Emirates is Tim Clark .
When the airline took off on
October, 25, 1985, its fledgling fleet comprised just two leased aircraft -
a Boeing 737 and an Airbus 300 B4.
Wholly owned by the Government
of Dubai, it now employs 30,000 people.
For the financial year ending
March 31, 2007, the Emirates Group announced record net profits of Dh3.5
billion ($942 million). Total group revenue increased by an impressive 28.8
per cent, to Dh31.3 billion ($8.5 billion) compared to Dh24.2 billion ($6.6
billion) the previous year.
The group's portfolio includes
the highly-decorated Emirates Airline, an international cargo division, a
destination and leisure management division, an international ground handler
and an airline IT developer. Its units have been showered with more than 300
international awards.
In 2003, Emirates announced the
largest aviation orderin history. A staggering 71 new aircraft - a mix of
Airbusand Boeing - were requested to join the rapidlyexpanding fleet.
In 2005, Emirates announced the
largest ever order for the Boeing 777 family of aircraft - 42 in all - in a
deal worth Dh35.7 billion ($9.7 billion) at list prices.
The airline also has 47 of the
gigantic A380 double-decker super-jumbos on order, scheduled for delivery
starting August 2008.
Emirates' order book stood at
107 aircraft, with a total value of more than $30 billion, before this
week's order of eight more A380 at additional $2.6 billion, which will be
delivered starting July 2011.
Currently, more than 50 per
cent of all flight movements in and out of Dubai International Airport are
Emirates aircraft. By 2010, that figure is expected to rise to 70 per cent.
Emirates' route portfolio of 89
destinations in 59 countries is fast expanding. Four new routes - Houston,
Venice, Newcastle and Sao Paulo - are being added to the network in 2007.
In the 2006/07 financial year,
Emirates carried 17.5 million passengers and 1.2 million tonnes of cargo,
using one of the most modern fleets in the world. The average aircraft age
is 63 months.
Source:
Emirates.com
Qatar Airways
Doha-based Qatar Airways was
launched in January 1994, its chief executive officer is Akbar Al Baker.
It is owned by the government
of Qatar (50 per cent) and private shareholders (50 per cent).
It is one of the
fastest-growing airlines in the world flying to 75 destinations across
Europe, Middle East, Africa, the Indian subcontinent and the Far East with a
modern fleet of 58 all-Airbus aircraft.
The airline is one of only five
in the world with a five star ranking for service and excellence awarded by
Skytrax, the independent aviation industry monitoring agency.
Skytrax also named Qatar
Airways' cabin crew as the best in the Middle East for the fourth year
running in 2006 and second best worldwide following a survey of more than 12
million passengers.
Qatar Airways is the largest
all-Airbus operator in the Middle East and one of the world's leading
airlines, with a fleet that comprises aircraft from the A320, A300/A310 and
A330/A340 families.
Qatar Airways plans to acquire
22 Boeing 777s, with deliveries of the latter beginning in November 2007.
The airline is a launch
customer of the twin-deck Airbus A380 'super jumbos' with five aircraft on
order and scheduled for delivery from 2009 in addition to three A330-200s,
four A330-300s and six A340-600s.
Qatar Airways ordered 80 of the
all-newAirbus A350 XWB aircraft and also placed an order for a further three
A380s. The agreement was signed this week at the 47th InternationalParis Air
Show.
The airline employs 8,000
people, in addition to 4,000 in its subsidiaries.
Qatar Airways achieves 35 per
cent growth in passenger numbers each year and is on track to fly 12 million
people in 2009, when the New Doha International Airport opens. It carried
six million passengers in 2006, and expects the number to reach eight
million this year.
Source: Qatar
Airways
Etihad Airways
Shaikh Ahmad Bin Saif Al Nahyan
is chairman of Etihad Airways, James Hogan is the airline’s CEO since 2006.
Etihad Airways is the national
carrier of the UAE. It was established in July 2003 with a capital of Dh500
million ($136.2 million), represented by 500 million shares of Dh1 each —
all currently owned by the Abu Dhabi government.
Etihad is based in Abu Dhabi.
The first scheduled flight took off from the capital to Beirut on November
12, 2003.
Since the inaugural flight, the
Abu Dhabi-based airline has increased its number of destinations
prolifically, adding at least one route each month.
The carrier currently flies to 43 destinations across Africa, Asia,
Australia, Europe, the Middle East and North America.
Etihad Airways carried
1,031,837 passengers in the first quarter of 2007, an increase of 176 per
cent on the first quarter of 2006, when 373,333 passengers flew with the Abu
Dhabi-based airline.
Etihad placed a start-up order
worth $8 billion for new aircraft at the Farnborough Air Show in 2004.
During this year’s Paris Air
Show, Etihad placed an order with Airbus for 12 new A340-600 and A330
aircraft worth $2.2 billion.
Etihad’s fleet currently
consists of 26 aircraft: 12 A330-200s, four A340- 500d, one A340-300, one
B767-300 and five B777-300 ERs.
Still to arrive in 2007: four
A330-200 aircraft, four A340-600s and three A300-600 cargo freighter
aircraft.
Etihad Holidays was launched in
May 2004, offering inbound and outbound holiday solutions.
Etihad Crystal Cargo was
launched in September 2004 and offers a network of cargo destinations on
scheduled and charter flights.
QE2 heading for
Dubai
19 June 2007
Launched 40 years
ago the old Cunard ocean going liner, the Queen Elizabeth II, is now heading
for a permanent berth attached to the Palm Jumeirah in Dubai; where it will
be a hotel, museum and relic. And by the way, just about the oldest
structure in Dubai!
The purchase price
of US$100 million is cheap; the refurbishment and maintenance are where the
real costs lie.
The former flagship of the Cunard
line, the QE2 has broken records, transported troops and hosted royalty
during her 40 years at sea.
The 70,000-tonne vessel is one of
the largest passenger ships afloat, with a top speed of 32.5 knots. It is
the fastest merchant ship in operation.
The famous liner is 963ft long,
105ft wide and can carry as many as 1,778 passengers and more than 1,000
crew. She has undertaken 25 world cruises, crossed the Atlantic more than
800 times and carried more than 2.5 million passengers.
In 1971, she rescued passengers
from another ship, the Antilles after it ran aground. And in 1982 the vessel
was requisitioned as a troop carrier for the Falklands War. With 3,000
troops on board she set sail for South Georgia on 12 May, arriving back in
Southampton safely on 11 June.
In 1992, the QE2 herself hit
uncharted rocks off Massachusetts in the US. She also survived being hit by
a 95ft wave after running into Hurricane Luis in September 1995.
The new 150,000-ton Queen Mary 2
took over the QE2's role as Cunard's flagship in 2004.
The QE2 will come to Dubai at the
end of 2009 and will be moored to a pier at the Palm Jumeirah development -
the world's largest man-made island - off the coast of Dubai, after being
sold by Cunard's parent company, Carnival. The purchase is aimed at
attracting more tourists and possibly rescuing the stuttering Palm
development being built by Nakeel.
The purchase has been made by state-owned private equity firm Istithmar.
Istithmar is the investment arm of Dubai World, which owns Nakheel and Dubai
Ports World, the port operator that, bought rival P&O, a 165-year-old
British company, in 2006.