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Dubai, Once a Humble Refueling Stop, Is Crossroad to the Globe
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Dubai airport had 67.3 million passengers in the 12 month period through Feb. 2014, according to Airports Council International. Emiraes airline is based in Dubai. It was setup in 1985 using a $10 millon grant from the government of Dubai and 2 Boeing 727 planes. The precipitating factor was a cutback in flights by Gulf Air between UAE and Pakistan. Emirates benefitted from a business friendly environment in Dubai and open skies policies that helped the aviation sector grow. Another factor helping rapid growth is that the CEO of Emirates, Sheikh Ahmed bin al-Maktoum, is chairman of Dubai Airports and Dubai Civil Aviation Authority, chairman of the low cost carrier Flydubai, and is the uncle of Dubai's ruling king Sheikh Rashid al-Maktoum.
Dubai with 67.3 million airline passengers surpasses London's Heathrow in 2013- the huge success of Emirates airline and the strategy initiated in 1985 of making Dubai a major airline hub
06/18/2014
Dubai's central location, and the strategy of turning it into an airline hub pursued since 1985, has resulted in making it the second busiest airport in the world. It is set to surpass Atlanta's Hartzfeld airport, which focusses on domestic U.S. air traffic, in a few years. Dubai was rescued by neighboring Abu Dhabi during the debt crisis of 2008, and there are warnings of another real estate bubble in Dubai. Emirates airline is based in Dubai, and has made gains in market share on international routes hurting other U.S. and European airlines. The effort in Dubai started with a small airport expansion and some older aircraft in 1985.
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