Emirates, the national airline of the United Arab Emirates, has enjoyed steady growth since it

was launched in 1985. Now, it is launching routes to North and South America. It has placed

ambitious orders for new aircrafts, including the A380. Since being founded by the government

of Dubai in the 1980s, Emirates' growth has come in parallel with the rise of the UAE as a key

trading center in the Middle East as well as the development of Dubai as a major tourist

destination. It has also exploited its geographical position along major east-west air routes, and

50% of the airline's passengers are in transit beyond Dubai. The attraction of Dubai as a

stop-over makes transit/transfer strategy viable. Today, the airline has established itself as a

well-managed and successful international airline.

For this company, pl answer the following questions :

1. Present a brief back ground of the business operations worldwide.

2. The exposures of the firm to different types of financial risks discussed in the class room

sessions.

3. Some of the measures you would suggest to the firm to manage the different types of

financial risks faced.