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00:00 We are at the Dubai Air Show in Hames, the state is 18th, we are talking about the total amount of deals on the first day,
00:07 exceeding what was signed last year, we were talking about 74 billion dollars worth of deals last year,
00:14 the biggest share went to the Emirates, and Dubai has 60% of the total deals on the first day.
00:21 Why the expansion, although it is a very simple question, but why the expansion at the moment?
00:25 The reason for the expansion is not only the expansion, but there are some issues
00:34 related to the expansion of the Emirates, or Dubai, in the Emirates market,
00:41 and especially in the Emirates of Dubai.
00:46 The Emirates of Dubai, and the direction of the Sheikh Mohammed Bin Rashid Al Maktoum, the head of the Dubai government,
00:57 is that there is a strategy for Dubai, not only for D33,
01:05 but also for the expansion in the tourism, finance, logistics, and other areas.
01:13 The issue of the plane is an important issue, and if this plan succeeds,
01:19 we should be a partner with the Emirates in this strategy, and this is the reason for all these deals.
01:28 95 planes, the width of the body, will put the Emirates planes in 20-30 in any place,
01:34 how far will the fleet reach? We also want our place to be as far as our share of the market in the region can reach.
01:41 This is in addition to the demands in the Saba,
01:48 the Emirates has about 270 planes, and today the Emirates has about 264 planes in the fleet.
02:00 Of course, this is part of it, there are some planes that leave the service,
02:05 but due to the passage of time, we must improve the situation in the field of planes.
02:15 So, if we talk about the next 8 years, the Emirates will have about 350 planes.
02:30 We are talking about the fear that the demands are facing a kind of delay due to the challenges that exist globally.
02:37 What are the alternatives for the Emirates planes if this happens?
02:41 And there are currently requests facing a kind of delay.
02:44 For the Emirates, the delay happened due to the circumstances that the COVID-19 passed through,
02:56 and also due to the many institutions that are working in the field of planes that were late in submitting.
03:05 So, we hope that the dates for the reception of planes in the coming years will be in time.
03:14 And also, of course, part of the process is the delay.
03:20 Of course, as a airline company, we are not concerned about the delay,
03:25 but we want these planes to reach their destination.
03:29 You mentioned that some of the old planes leave the service,
03:33 but the Emirates planes implement a number of programs,
03:36 including the maintenance program for a year for about 53 planes.
03:40 How is this program and how much does the investment cost now?
03:43 And of course, for the improvement of the planes, the program you mentioned costs about 2 billion dollars.
03:52 And also, the program will take a period of time,
03:57 so that these planes will return to the image of the Emirates plane,
04:05 which always sees the image of this company.
04:07 You mentioned the COVID-19 crisis, and at that time, of course, the receipt of loans was blocked.
04:12 In the last period, the loan amounted to about 9.2 billion dollars.
04:15 What is left now and what is the plan for the time being?
04:18 I am not exactly familiar with the exact number,
04:21 but the plan is for about three or four years to pay off this amount.
04:26 This is according to the numbers,
04:28 I mean, the amount of money that is available for the Emirates planes to pay off in the coming year.
04:36 But we are also looking forward to the following program with the banks.
04:42 Can we expect to receive permanent loans, permanent loans or green loans in the coming year?
04:50 Since we are in the year of sustainability and we are approaching the COP28?
04:53 Of course, the Emirates have always been open to loans, green loans or permanent loans.
05:05 This was one of the systems that the company followed to implement its expansion programs.
05:12 What are the expected fuel prices with the geostationary fluctuations?
05:15 This is a difficult question, frankly, for the prices.
05:19 Because it is almost 34% of the total operating costs.
05:23 Indeed, but we will always not limit it to the global market.
05:27 God willing, we will always want the prices to be less than 70 dollars.
05:33 Less than 70 dollars.
05:35 These are the expectations, of course, but we are talking about the level of 80 dollars at the moment.
05:40 That's right.
05:41 Okay, let's talk about the sustainable fuel.
05:43 The company, during the current month, has driven its first plane with sustainable fuel.
05:49 But, although it is in line with environmental standards,
05:51 there are plans for the Emirates and plans at the global level known to produce specific quantities of this fuel.
05:57 But in general, its cost is high.
05:59 How will the company be able to deal with this issue, to preserve the environment and to comply with the carbon-2050 standards,
06:05 while at the same time, to meet the costs?
06:09 Of course, there is a question of the fuel that is available.
06:15 And the Emirates has taken a program for the 777, which was used as an experimental period for some flights,
06:27 whether on land or in the air.
06:30 And there is also a program, I think, next week for the A330,
06:35 which will be an experiment for this fuel.
06:39 We always hope that the prices for clean fuel or green fuel will be acceptable.
06:48 And also, the places where it is available, especially today we have a network that covers more than 150 countries.
06:54 So, we hope that it will not only be a company's work, but also the work of governments and regions.
07:05 The infrastructure is also one of the important issues.
07:09 There was a recent news that 120 billion dirhams will be spent to develop part of the place where we are.
07:14 Today, an engineering project worth $950 million was announced,
07:19 which is almost an investment over the coming years.
07:21 The total number of the target to transform this area and this airport into the largest airport in the world in 2050,
07:27 is about 155 million passengers per year.
07:31 God willing, this plan is available and will be announced soon.
07:36 What are the numbers of investments?
07:38 I don't want to talk about the most recent events,
07:41 but we are focusing on the airport and its expansion plans.
07:46 God willing, the airport will be a proud place in the whole UAE.
07:55 One last question, we always ask you about the plan to recruit companies from the following companies,
08:00 and we have seen that companies have been getting loans from them recently.
08:04 We always put the companies under the control of the government,
08:10 and we take our decisions based on the instructions from the government and the owner of the company.
08:17 But today, the decision is the government's decision.