Saturday, 24 April 2010

  • Good News for Fiji Emirates Group to Takeover Air Pacific

    The Emirates Group is in negotiations with the government of Fiji to acquire its National carrier Air Pacific.

    The group is a conglomerate which operates through Emirates Airline, an international airline, and Dnata, a travel organization operating in the Middle East.

    The group is wholly owned by the United Arab Emirates (UAE) government. It provides scheduled passenger and cargo services to more than 100 destinations.

    The company has operations across Middle East, Europe and Americas, Far East and Australia, West Asia and Indian Ocean, and Africa.

    It is headquartered in Dubai, the United Arab Emirates and employs 28,037 people. The group recorded revenues of AED42,674.3 million ($11,621.5 million) during the financial year ended March 2009 (FY2009), an increase of 17.1% over FY2008.

    The operating profit of the group was AED2,573.3 million ($700.8 million) in FY2009, a decrease of 42.2% compared to FY2008. Its net profit was AED981.7 million ($267.3 million) in FY2009, a decrease of 80.4% compared to FY2008.

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