Dubai International Airport and its major customer, Emirates, both gave a sunny picture of aviation growth, despite conceding a spate of hurdles that includes oil price spikes, as the world’s first A380 terminal was unveiled.
Emirates president Tim Clark said the carrier, the anchor tenant for the new Dh12 billion Concourse A — which, though operational for the past month, was declared complete on Sunday — was still having problems with oil prices. He said costs were sitting around the $110-$115 mark per barrel, much higher than necessary for a reasonable profit and revenue for research.
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