[Dubai] Emirates will restore staff salaries after getting £2bn from government

[Dubai] Emirates will restore staff salaries after getting £2bn from government
10 Sep 2020

Emirates has announced that, from October, staff salaries will revert to 100 per cent. The announcement follows news last week that Dubai’s government has put AED 7.3 billion ($2bn) into Emirates since March, to help the national airline maintain operations during the COVID-19 crisis.

Earlier this year the state confirmed its commitment to providing financial support to Emirates - the world’s largest long-haul carrier - now a bond prospectus seen by Bloomberg reportedly demonstrates the extent of aid given in the last five months. In March, after measures to curb the spread of coronavirus closed international borders and forced the carrier to suspend all flights, Emirates implemented widespread salary cuts. Sam Chui has further details together with an update on Etihad Airways.

Emirates has announced that, from October, staff salaries will revert to 100 per cent. The announcement follows news last week that Dubai’s government has put AED 7.3 billion ($2bn) into Emirates since March, to help the national airline maintain operations during the COVID-19 crisis.

Earlier this year the state confirmed its commitment to providing financial support to Emirates - the world’s largest long-haul carrier - now a bond prospectus seen by Bloomberg reportedly demonstrates the extent of aid given in the last five months. In March, after measures to curb the spread of coronavirus closed international borders and forced the carrier to suspend all flights, Emirates implemented widespread salary cuts. Sam Chui has further details together with an update on Etihad Airways.

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