Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates...

12
1 Open Sky The international and government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends driving Emirates’ fleet growth The new ‘first time travellers’ 5 Spotlight on Dubai World Central 6 Emirates releases 2012-13 Environment Report A new measure of industry fuel efficiency 7 Canada’s mixed signals on competition 8 They said it best 9 New Silk Road: Supporting Spain’s export growth Emirates recruitment in Spain 10 Five years of the Emirates A380 Airport landing charges in perspective 11 Emirates supports Milan’s push for transfer traffic Global finance: Spill-over benefits from airline competition 12 From orphans to academic overachievers Fast Facts

Transcript of Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates...

Page 1: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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OpenSkyThe international and

government affairs journal

of Emirates

Issue 17 | October 2013

2 Economic cost of constrained airports

4 Air travel trends driving Emirates’ fleet growth

The new ‘first time travellers’

5 Spotlight on Dubai World Central

6 Emirates releases 2012-13 Environment Report

A new measure of industry fuel efficiency

7 Canada’s mixed signals on competition

8 They said it best

9 New Silk Road: Supporting Spain’s export growth

Emirates recruitment in Spain

10 Five years of the Emirates A380

Airport landing charges in perspective

11 Emirates supports Milan’s push for transfer traffic

Global finance: Spill-over benefits from airline competition

12 From orphans to academic overachievers

Fast Facts

Page 2: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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Infrastructure constraints are a barrier to economic growth – the effect of someone pulling up the handbrake on the global economy. It leads to frustrated, untapped demand and hides the true potential between trading partners and economic regions.

The ability of airlines to respond to market demand is increasingly challenged by infrastructure constraints at many airports globally. In addition, even when slots and facilities are available, airline planners must address increased demand that exceeds the capacity of existing flights, but is not yet sufficient to justify adding an additional aircraft. The stakes of these problems are significant – customers and shippers are inconvenienced by fully booked flights, air services and the tourism-related jobs they support are negatively impacted, and airlines suffer the opportunity cost of lost revenue.

Emirates’ mixed fleet of A380s and B777s has enabled it to solve this challenge in an economical and environmentally responsible way, which balances supply and demand and also makes maximum use of existing slots. For example, at severely slot-constrained London Heathrow, Emirates has since operated a total of five daily A380 flights, adding over 5,000 weekly seats. Likewise, at congested JFK Airport in New York, Emirates expanded capacity in January 2013 from an A380/777-300ER double daily to two A380s. In Los Angeles, where demand now exceeds capacity on the existing daily B777-300ER service but is not yet sufficient for a second flight, on December 2, Emirates will up-gauge to an A380 adding more than 1,000 weekly seats.

Here is a snapshot of pressing infrastructure constraints in the aviation sector that governments are trying to address.

UKIn the UK, the Airports Commission is currently studying several proposals that will enable the country to maintain its position as a global aviation hub. Britain’s main hub airport, London Heathrow, is currently running at 99% capacity and, as a result, can be severely impacted by adverse weather or other unexpected events. Frontier Economics and Oxford Economics, two leading economic consultancies, have estimated that the UK could potentially be missing out on £15 billion worth of trade in 2013, a figure that could double by 2030, while the cost to the UK economy could be as high as £8.1bn in GDP or 134,100 jobs by 2021, through lost tourism and foreign direct investment.

London Heathrow AirportRunways 2

Operating Capacity (%) 99

Passengers (million) 70

Terminals 5

Destinations Served 184

Number of Airlines 84

Cost of capacity constraints

Tourism (by 2021) GDP £3.6bn

Jobs 78,800

Foreign Direct Investment (by 2021)

GDP £4.5bn

Jobs 55,300

Trade (2013) £15bn

Economic cost of constrained airports

Cost of the UK’s aviation infrastructure capacity constraints

£15 billion in lost trade in 2013

£8.1 billion hit to UK GDP by 2021 through lost tourism and FDI

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AustraliaSydney International Airport, Australia’s largest, is artificially constrained by the 80 movements per hour cap and the curfew between the hours of 11pm to 6am. A Deloitte Access Economics report demonstrates the potential value of improving infrastructure by expanding the cap and aligning existing regulations and opening additional gates to support new generation aircraft.

In a separate paper, Deloitte says that one extra flight per day from Dubai to Sydney is estimated to add A$342 million to Australia’s GDP and support 4,400 full time equivalent (FTE) jobs per year. Merely up-gauging from a B777 to an A380 contributes an additional A$55mn in GDP and generates an estimated 700 FTE jobs on an annual basis.

Sydney International AirportRunways 3

Passengers (million) 35.6

Terminals 3

Destinations Served 97

Number of Airlines 46

EuropeEuropean aviation infrastructure, especially airports, face fundamental capacity constraints. According to Eurocontrol, an estimated 12% of total demand might not be accommodated by 2035, leading to a capacity crunch at European airports.

Airline and airport groups such as AEA, EBAA and ACI Europe have noted that the economic impact estimated will be dramatic. By 2035, insufficient airport capacity will cost Europe €230bn in lost GDP, they estimated. They urged EU institutions, national governments and regional communities to take a deeper interest in the issue of airport capacity.

USUS airport delays are caused by a myriad of factors ranging from infrastructure constraints to air traffic control delays to peak scheduling. The total cost of air transportation delays in 2007 in the US was $32.9bn, according to an FAA-sponsored analysis.

This included $8.3bn in costs to airlines, $16.7bn in costs to passengers, $3.9bn from lost demand and a $4bn hit to US GDP.

New York’s severely slot-constrained JFK, Newark and LaGuardia airports are a special concern, with one study estimating over $2.6bn in losses to the local economy in 2008 and projecting “a staggering $79bn” in losses for 2008-2025 (plus 5,600 full-time jobs “not created”) in the absence of corrective action.

By 2060, the cost of not enhancing the aviation infrastructure capacity of Sydney would result in economic impacts (direct and indirect) of the Australian economy accumulating to a total of A$59.5bn in foregone expenditure and A$34bn in foregone GDP.

By 2035, the economic impacts could accumulate to as much as A$6bn in foregone GDP for the Australian economy, and A$8.9bn in foregone expenditure.

Value of an additional daily A380 flight from Dubai to Sydney:

A$342 million to Australia’s GDP

4,400 FTE jobs per year

Benefit of up-gauging from B777 to A380:

A$55 million in GDP

700 additional FTE jobs on an annual basis

$32.9bn cost of US air transportation delays in 2007

$8.3 billion to airlines

$16.7 billion to passengers

$3.9 billion from lost demand

$4 billion to US GDP

€230 billion in lost European GDP due to aviation infrastructure capacity constraints by 2035

Page 4: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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One reason for Emirates’ growth plans is a fundamental appreciation of traffic trends, which forecast strong growth in the developed and developing worlds in the coming years.

This growth is being fuelled by rising incomes, growing populations and increased trade. Here are some projections for countries that will be among the top 10 global economies in 2030:

The global middle class is forecast to swell from 1.8 billion to 4.9 billion between 2010 and 2030, and most of the 3 billion people to join the middle class will live in Asia.

This expansion will be a great leveller, banishing current demarcations about the “developed world” and the “developing world”, and will create new trade routes almost wholly different from those that exist today. These new trading lanes will spur significant demand for corporate air travel. In addition, hundreds of millions of these new middle class consumers will become ‘first time travellers’, taking an international flight for the first time.

Air travel trends driving Emirates’ fleet growth

The new ‘first time travellers’

Source: CAAC, FAA, MOCA, UK DfT, Brazilian Association of Airlines, Infraero, German Airport Association ADV, German MoT and Airbus.

Size of the global middle class

2010: 1.8 billion 2030: 4.9 billion

66% of the global middle class will reside in Asia-Pacific in 2030

Global middle class spending power

2010 : $21 trillion 2030 : $56 trillion

Source: OECD

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Page 5: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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Dubai World Central (DWC) is in the spotlight this month as it reaches some important milestones.

Hungary’s Wizz Air is due to become the first scheduled passenger airline to operate from the new airport in Dubai when it opens for passenger flights on October 27, followed by Kuwait’s Jazeera Airways. The flights are made possible by the airport, officially named Al Maktoum International at Dubai World Central, becoming certified for passenger operations last month as well as the recent completion of the airport’s first passenger terminal. Next month, the airport will be the site of the 13th edition of the biennial Dubai Air Show running from November 17-21. The air show draws 50,000 visitors and 1,500 journalists and had previously been held at Dubai International. DWC is envisioned as a long-term solution to Dubai International’s looming airport capacity crunch, and is expected to one day feature five runways and capacity to handle over 160 million passengers per year. However, DWC’s billing by some as the world’s largest airport is incorrect. Today, the airport offers one runway and capacity for up to 7 million passengers per year. Since its opening in June 2010 it has been operating solely as an airport for cargo and general aviation flights. Instead, Dubai Airports has embarked on a progressive, structured and pragmatic approach to maximise the existing use of Dubai International. Enhancements are planned to increase capacity and accommodate demand growth until around the 2020 timeframe, when passenger numbers are projected to reach 103.5 million – exceeding Dubai International’s maximum capacity of 100 million passengers. This will necessitate multi-billion dollar investments at DWC and one day, the airport is expected to become the primary hub for Dubai and the 150 airlines currently serving it. As a result, the airport’s planners are developing office, residential and industrial developments in and around the airport to help defray the infrastructure costs.

Spotlight on Dubai World Central

Passenger airlines

• Wizz Air• Jazeera Airways

Cargo airlines

• Emirates SkyCargo• Atlas Air• Saudi Arabian Airlines• AF-KLM-Martinair Cargo • Etihad Airways

Dubai International

Airport

Dubai World

Central

Dubai International – 2020 forecast

103.5 million projected passenger numbers

100 million maximum capacity

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In September, Emirates released its third annual Environment Report, revealing improvements in its fuel efficiency and reduction in the rate of CO2 emissions as the airline added new, modern aircraft and retired older, less efficient ones.

Covering the 2012-2013 fiscal year, the audited report analysed environmental performance data from a range of Group activities, including airline operations, dnata’s cargo and ground handling businesses and a wide range of commercial activities on the ground – from engineering to catering.

The report was verified by PwC and disclosed Emirates remains 15.7% ahead of the IATA industry average in

terms of fuel efficiency and 16% ahead in CO2 emissions efficiency, largely due to its young, fuel efficient fleet. The report and its supporting methodology can be downloaded from www.emirates.com/environment.

Emirates has introduced a new fuel efficiency metric, called Operational Fuel Efficiency Factor (OFEF), with the intention that this should become standard across the airline industry.

Currently, most fuel efficiency measurements are based upon the ratio between fuel consumption (F) and mass (M), multiplied by distance (D). However, the interpretation of each of these parameters can be subject to customisations and commercial decisions by airline operators.

As a result, Emirates has developed a new metric based on this formula:

(Zero Fuel Weight) x (Great Circle Distance)

(Block Fuel)

• Zero Fuel Weight (ZFW), in tonnes, equals the total weight of the aircraft before take-off without the fuel. It includes passengers, crew, baggage, cargo and catering

• Great Circle Distance (GCD), in kilometres, equals the shortest distance between the published Aerodrome Reference Points (ARP) of the origin and destination airports

• Block Fuel (BF), in litres, equals the fuel consumed during the flight, from gate to gate

This new metric measures all undertaken fuel saving opportunities by an aircraft operator as well as providing direction to improve their daily operations. It is applicable to all types of aviation business: full economy, three-class configurations, cargo, executive and new aircraft, and all types of flights including positioning, delivery and maintenance.

More information on this new fuel efficiency metric can be found in Emirates’ latest environment report at www.emirates.com/environment.

Emirates releases 2012-13 Environment Report

A new measure of industry fuel efficiency

1

THE EMIRATES GROUP

ENVIRONMENT REPORT2012-13

15.7% ahead of IATA industry average in terms of fuel efficiency

16% ahead of IATA industry average in terms of CO2 emissions

100% increase in recycling volumes

6 years Emirates average fleet age vs IATA average of 11.7 years

Page 7: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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Canada is rightly pursuing a policy that will allow greater foreign competition in the wireless telecommunications sector.

The response from the dominant domestic providers sounds familiar to those who follow debates about international air access in the world’s protected aviation markets: doomsday prophecies of job losses, allegations of unfair competition from international companies and a nationalistic call to protect and promote industrial champions.

Fortunately, the Canadian Government is holding firm and standing up for the consumer interest over this predictable fear-mongering. In commenting on the lobbying by the domestic incumbents, Prime Minister Stephen Harper stated “[W]e certainly understand that these are important Canadian companies that make a good contribution to our economy and our society … That said, the ultimate responsibility of government is not to act in the interests of companies but to act in the broader public interest.”

Industry Minister James Moore added on his website that “Canadian consumers know instinctively that more competition will serve their families well through better service and lower prices.”

The consumer interest should always be paramount in discussions about competition, whether for telecommunications, aviation or any other sector. Consumers always win when competition is enhanced, something they inherently understand – including with aviation.

For example, an April 2013 poll from the Consumers Association of Canada found that 77% of Canadians believe allowing more foreign airlines to fly to Canada will lead to more competition for their travel dollar and better travel options – the same type of benefits the Canadian Government envisions for the wireless sector.

Canada’s mixed signals on competition

How to fight international competitionAir Canada.com: “The dispute between Canada and the UAE over air traffic rights boils down to … the importance of a level playing field for competition between the domestic carriers of each country and between the major hub airports of each country.”

Bell Canada: “Bell, Telus and Rogers have all clearly stated many times that the Canadian industry has no issue with Verizon’s entry into Canada but they just want a level playing field.”

Benefits of wireless competition

Better service RLower prices RConsumer demand R

Benefits of airline competition

Better service RLower prices RConsumer demand R

Consumers want choice – for air travel or any other service

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They said it best... Open Sky brings you the best quotes on liberalisation, alliances, aeropolitical protection, free and fair trade, economic policy and global business.

Jeff Smisek, CEO United Airlines

“I would compare the policies of United Arab Emirates, which has done a terrific job recognizing the value of transportation, of travel. They’re quite supportive. And by support, I don’t mean subsidies. I mean understanding the value and the jobs this industry drives.”

“Travel is an industry that helps to keep our economy moving and helps connect us to the world in a time of increasing global interdependence. Boundaries are dissolving, but travel is still one of the best ways to understand what’s happening.” - Hillary Clinton, former Secretary of State, U.S. Senator and First Lady

“There is a level playing field… we get screwed everywhere.” – Willie Walsh, CEO, International Airlines Group

“The Middle East is a critically important market for New Zealand and the increased capacity on this route demonstrates the attractiveness of Dubai as a destination for New Zealanders. It will also help stimulate trade between our two countries… The additional capacity this third A380 brings is equivalent to an extra 100,000 seats on the route, and an additional $100 million to our economy, every year” – Adrian Littlewood, Chief Executive Officer, Auckland Airport

“On my last flight on Emirates, I took 15 pages of notes!” – Alexandre de Juniac, Chairman and CEO, Air France-KLM

“The transatlantic market, for its part, is all but a triopoly now, dominated by oneworld, SkyTeam and Star joint ventures.” – Airline Weekly

“Today, the big three alliances have 59 members between them. Efforts to swell their ranks will not be helped by members’ growing penchants for eloping with their nearest and dearest.” – The Economist

“Canadian consumers know instinctively that more competition will serve their families well through better service and lower prices.” – James Moore, Canadian Minister for Industry

“If the government really believed in putting consumers first, it wouldn’t confine itself to wireless telephony. It would also be opening the domestic market in airlines, in agriculture, in banking, all of which remain protected backwaters.” – Andrew Coyne, columnist, National Post

“Transport Canada should get an award from the Seattle Chamber of Commerce for driving so much business to that city over Vancouver through its policy of restricting access of foreign carriers to the Canadian market.” – Bruce Cran, President, Consumers Association of Canada

“Liberalisation gave airlines the possibility to freely define their networks and their prices – which led to the creation of new commercial offerings based on innovative products. This enabled a real democratization of air transport.” – French General Commission on Strategy and Economic Foresight

“Regional governments are focusing their attention on developing civil aviation, but we need to develop with them together, integrating planning for airport construction and rational layout, while strengthening the strategic role of civil aviation in national and regional economic and social development.” – Li Jiaxiang, Vice Minister of Transport, Administrator of the CAAC “Regulators are micro-managing our businesses, telling us how we may advertise our services, how long we must hold a reservation that has not been paid for and how we are to manage operational disruptions regardless of the cause. These regulations impose a huge penalty on the economy and ultimately raise the cost of air travel for all consumers.” – Tony Tyler, IATA DG and CEO

Page 9: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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The New Silk Road, connecting Spain to markets on the other side of the globe via Dubai, is helping the country to grow its exports.

Spain is posting strong export figures which are supporting the country’s economic recovery. Deputy Trade Minister Jaime Garcia-Legaz Ponce recently predicted exports will hit record-levels in 2013 as the country continues to improve its competitiveness.

Emirates SkyCargo is a key link in the chain that connects Spain to the rest of the world. Operating from Madrid, Barcelona and Zaragoza goods travel to Dubai and beyond with most exports going to countries such as Australia, China, India, and Indonesia. Spain is well known for its textile and footwear industry, being the home of some of the most famous high-street fashion chains in the world, and it is therefore unsurprising that these goods top the ranking of the most exported commodities.

Emirates’ cargo volume for all Spanish origin points has grown 44% over the last 12 months year-on-year. Part of this growth was taken up by some very special on-board guests. This summer, Emirates shipped nearly 700 falcons from Barcelona to Dubai. And for an exhibition in Brisbane, Australia showcasing masterpieces from the Prado Museum in Madrid, Emirates transported what was the largest and most significant international loan the Madrid Prado museum had ever undertaken. It is also the first time the Prado’s material was displayed in the Southern Hemisphere. Quite the honour.

At a time when Spain is recovering from the financial crisis, Emirates has increased its recruitment of Spanish employees from across the country, mainly for cabin crew.

Emirates has conducted cabin crew recruitment campaigns in Madrid, Barcelona, Alicante, Bilbao, Girona, Gran Canaria, Granada, Malaga, Marbella, Murcia, Oviedo, Seville, Tenerife, Valencia, Vigo and Zaragoza.

New Silk Road: Supporting Spain’s export growth

Emirates recruitment in Spain

ZaragozaBeijing

Jakarta

Brisbane

Mumbai

MadridBarcelona

DubaiFootwear

Fashion

Falcons

Art

Madrid

BarcelonaZaragoza

Malaga

Marbella

MurciaSeville

Bilbao

Alicante

Girona

Gran Canaria

Granada

Oviedo

Tenerife

Valencia

Vigo

373 Spanish cabin crew

43 staff employed in Spain

Emirates cabin crew campaigns held in 16 Spanish cities

Page 10: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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Dubai is not the cheapest airport Emirates flies to, nor the most expensive. On average, Middle East airports feature lower charges than in Europe, which has some of the highest.

What airlines are charged for handling, landing and parking charges, or are perceived to pay, has from time to time become a contentious political issue. But often lost in this debate is an airline’s cost mix for charges based on its fleet composition.

Because Emirates operates wide-bodied, heavy aircraft on long-haul sectors, the cost per flight is on average considerably higher than other airlines, as airports charge higher fees for heavier aircraft. Thus, for example, the average European network airline, with huge short-haul operations and lower associated over-flight, handling, landing and parking charges, will have lower costs on a per flight basis. What’s more, some European airports offer discounted rates for intra-EU flights – discounts that do not exist for carriers operating regional flights to/from Dubai International Airport.

Air France-KLM, for example, paid $4.2 billion on landing and handling charges in 2012, compared with $1.5 billion for Emirates. This can be explained by their much larger flight schedule - 1.5 million flights over the period, compared with 143,000 for Emirates. Thus on a per flight basis, the figures suggest Emirates paid about four times more per flight on landing, handling and parking across its network than did Air France-KLM.

Airport landing charges in perspective

In August, Emirates celebrated the fifth anniversary of A380 operations.

Emirates has been indelibly associated with Europe’s largest passenger aircraft since April 2000 when it became the first carrier to announce plans to purchase the super-jumbo.As the largest customer for the A380, Emirates is therefore the largest supporter of European aerospace manufacturing jobs tied to the aircraft programme, which is spread across Airbus’ manufacturing centres in France, Germany, England and Spain.

Five years of the Emirates A380

A380

A380 7,124

669

AIRPORTS VISITED37

A380 Years ofEmirates

A380

A380

DESTINATIONS21IN FLEET35

FLIGHTSROUND TRIP

FLOWNKILOMETRES

MILLION265

CABIN CREW

FLIGHT DECK CREW

MILLIONPASSENGERS FLOWN18

HONG KONG-BANGKOKSHORTEST A380 FLIGHT

KILOMETRES

1,900

DUBAI-NEW YORK JFKLONGEST A380 FLIGHT

KILOMETRES

11,02320,000

Page 11: Open Sky Issue 17€¦ · 1 Open The international and Sky government affairs journal of Emirates Issue 17 | October 2013 2 Economic cost of constrained airports 4 Air travel trends

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Protectionist arguments about competition between airlines often miss the important spill-over benefits from the airline industry.

Since 1996, Emirates has borrowed US$36.5 billion from lending institutions worldwide, led by US$15.5bn in Europe and US$10bn in the US, providing an economic stimulus to the financial sectors in both regions.

Emirates’ new service between Dubai and New York JFK via Milan opened October 1 and will support Italy’s “ViaMilano” project aimed at developing Milan Malpensa Airport as a transfer hub.

The services were authorised by ENAC, the Italian Civil Aviation Authority, on an extra-bilateral basis. It comes at a time when the airport is courting new frequencies and operators to support a €15 billion expansion project.

Why Milan-JFK? Emirates is offering a unique product on an underserved route. Alitalia decided to focus international operations at Rome, Lufthansa ceased its Lufthansa Italia subsidiary in 2011, and Delta Air Lines recently reduced its seasonal summer operations from Atlanta to Milan.

With the Emirates service, Milan-New York, with 35 weekly flights, is now on par with services from similar European airports such as Zurich, while Frankfurt is connected with 49 weekly flights and Paris CDG with 74 weekly flights to New York.

In addition, Emirates will introduce the only first class offering on the route and the only service to offer consistent, year-round daily service, whereas other airlines serving the route such as United Airlines and American Airlines reduce operations during the winter.

The route will also benefit from Emirates’ codeshare and interline partners JetBlue and easyJet.

Fifth freedom operations from Europe to the US are not unusual where market demand exists, and several carriers are exercising fifth freedom traffic rights via Europe to New York in particular.

The US Government’s Open Skies policy has endorsed the concept of fifth freedom operations since its inception in the 1990s. Providing carriers with the commercial flexibility to operate fifths if market conditions warrant is a standard element of all US Open Skies agreements, and US carriers led by Delta at Tokyo Narita avail themselves of the opportunity to rely on them.

Delta’s extensive fifth freedom routes in Asia include daily services between Tokyo Narita and Bangkok, Beijing, Hong Kong, Manila, Shanghai, Singapore and Taipei; and five weekly services between Nagoya and Manila.

Global finance: Spill-over benefits from airline competition

Emirates supports Milan’s push for transfer traffic

266 tonnesweekly cargo capacity on Emirates flights between Milan-JFK

Fifth freedom flights are a fraction of Emirates’ total passenger network: they accounted for 10% of ASKs in 2003 but only 5% in 2013- CAPA

Fifth freedom intermediate and beyond operations between Europe and the US are not unusual• Singapore Airlines (Singapore-Frankfurt-JFK, Singapore-Moscow-Houston)

• Jet Airways (Mumbai-Brussels-Newark)

• Kuwait Airways (Kuwait-London Heathrow-JFK)

• Pakistan International Airlines (Karachi-Lahore-Manchester-JFK)

• Air New Zealand (Auckland-Los Angeles-London Heathrow)

• Air Tahiti Nui (Papeete-Los Angeles-Paris CDG)

• Uzbekistan Airways (Tashkent-Riga-JFK)

USUS$10bn

Middle EastUS$5.2bn Europe

US$15.5bn

BondsUS$5bnAsia

US$657mAfrica

US$110m

Emirates aircraft funding 1996-2013

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Four children from Beyond the Orphanage in Addis Ababa are celebrating excellent results on their university entrance exams.

The Ethiopian organisation, which serves children in need by reaching out to orphans through their drop-in centre, is sponsored by the Emirates Airline Foundation. Beyond the Orphanage provides tutoring for kids after school as well as a library and computer centre. It also offers counseling for children and a medical clinic. In addition, they help to buy clothes and teach practical skills, aiding in career development.

“Thanks to the support of the Emirates Airline Foundation and the generosity of Emirates customers, the children here are blossoming with belief,” said Geoff Hucker, the organisation’s founder.

From orphans to academic overachievers

Fast FactsAircraft in fleet 206Number of destinations 135Passengers (2012-13) 39.4 millionCargo (2012-13) 2.08 million tonnesPassenger Seat Factor (2012-13) 80%Employees - Airline (2012-13) 47,678Emirates dedicated lounges 35Number of on-board meals a day 150,000Emirates flights daily 420 (arrivals and departures) Financial Auditor PwCFinancials (Airline - 2012-13) Revenue US$19.39 billion, profit US$622 millionFuel Costs (Airline - 2012-13) US$7.6 billionFirst flight 25 October 1985Longest flight Dubai - Los Angeles (16 hours 20 minutes)New passenger routes (2013-14) Haneda, Stockholm, Manila-Clark, Milan-New York,

Conakry, Sialkot, Kabul, Kiev, Taipei and Boston

A380 fleet 37 (on order 53)Boeing fleet 132 (on order 64)

Please visit our website for more information on our international and government affairs and environment activities

www.emirates.com or write to us [email protected]

Zaragoza

Gothenburg

Liege

Chicago

Lilongwe

Kano

Viracopos

Taipei

HanoiChittagong

Eldoret

Djibouti

Venice

Newcastle

Toronto

Casablanca

Paris

Nice

Athens

Rome

Moscow

St. Petersburg

Kiev

Copenhagen

Seoul

Beijing

OsakaTokyo

Glasgow

ManchesterBirmingham

London

Geneva Munich Vienna

Milan

Larnaca

Tripoli

Tunis

Zurich

HamburgAmsterdam

Istanbul

DusseldorfWarsaw

Frankfurt

Shanghai

SingaporeKuala Lumpur

ManilaClark

Bangkok

Jakarta

Addis Ababa

Entebbe

Dar es Salaam

Johannesburg

Cape Town

Nairobi

LagosAccraAbidjan

Conakry

Dakar Khartoum

Cairo

Kolkata Hong KongDhaka

Melbourne

Adelaide Sydney

Brisbane

Perth

Auckland

Christchurch

Thiruvananthapuram

ChennaiBengaluruKozhikode

Lahore

IslamabadSialkot

Peshawar

HyderabadMumbai

DelhiKarachi

Ahmedabad

Malé

KochiColombo

Mauritius

Seychelles

LusakaHarare

São PauloRio de Janeiro

Buenos Aires

New YorkWashington, DC

Los Angeles

San Francisco

Seattle

Houston

Dallas/Fort Worth

Luanda

Durban

Madrid

Prague

Dublin

Ho Chi Minh City

Phuket

Lyon

Guangzhou

Stockholm

Lisbon

Malta

Barcelona

AlgiersKabul

Boston

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Middle East Network

Route MapOctober 2013

Passenger Routes Freighter Routes Passenger & Freighter Routes---- Proposed Passenger Routes for 2014