Emirates Post to spend Dh1 billion on expansion drive
Emirates Post, which plans to spend Dh1 billion on an expansion drive within the next 18 months, has set into motion an ambitious programme to acquire 50 aircraft in five years to boost its soon-to-be-launched airfreight activities.
A spokesman of the postal company, quoting Abdullah Ebrahim Al Daboos, director-general, Emirates Post, said yesterday the first two aircraft — Airbus300, each with 44 tonne capacity — will be in operation shortly. As part of the expansion, the company will be adding one aircraft per month. In expanding its freighter division, Emirates Post, which has been pressing ahead with a diversification programme, is believed to follow the DHL, Fedex and UPS models. “The idea is not to rely on private carrier where capacity is usually unavailable because of heavy demand,” he said.
The spokesman, however, did not specify the type of the other aircraft Emirates Post would be adding to its fleet in the coming five years.
Also in the pipeline for UAE’s fast growing national postal company is an IPO proposal, which is awaiting individual sanction from all emirates. “The IPO will be finalised by the end of this month. What is yet to be decided is the IPO’s public-government ratio,” he said.
The spokesman said the air courier service is one of three new companies Emirates Post plans to introduce during 2007, the other two being a trucking company for the GCC and Middle East market and a money management and movement company. The holding group will be known as the Emirates Post Group following sanction of its IPO proposal.
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