Wednesday, March 08, 2006

Dubai dubiety



'How does Dubai Inc. work? Back in early 1985, the prince of the then little-known Arab sheikdom was stewing after an airline canceled his flight at the last minute. He called in the Englishman who managed the Dubai tourism authority and asked how much it would cost to start an airline. "Ten million dollars," replied the Brit, Maurice Flanagan. The prince told him to get started, and the first plane took off that same year. Today Emirates airlines has been growing at 20 percent a year for 17 years, and is the world's second most-profitable airline, flying to 80 destinations in 55 countries...' More

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