Years needed to restore demand, UAE airlines say

  • Date: 04-May-2020
  • Source: Arab News
  • Sector:Transport
  • Country:UAE
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Years needed to restore demand, UAE airlines say

Years needed to restore demand, UAE airlines say /node/1669156/business-economy. An Emirates Airbus A380-842 aircraft is pictured grounded at Dubai international Airport in Dubai after the airline suspended all passenger operations amid the COVID-19 coronavirus pandemic.. About 85 percent of the world's airlines could face financial distress by the end of the year without government aid, Emirates President Tim Clark and Etihad CEO Tony Douglas told a video conference hosted by the US-UAE Business Council last week.. Lasting restrictions like 14-day quarantines, testing, and social distancing will impact demand and operations, they said.. Conglomerate committed to its target of opening a total of 600 Vox screens in Saudi Arabia. The chief executive of Majid Al Futtaim (MAF), one of the biggest and best-known conglomerates in the Middle East, told Arab News: "This is beyond business.. UAE online business has risen 300 percent over the past year, most of that in the last quarter, while Egypt is up 735 percent.. MAF's online business in Saudi Arabia is up a staggering 1,400 percent, year on year.. I don't see why governments that are allowing malls, stores and restaurants don't allow cinemas.. MAF has led the way in the entertainment revolution in Saudi