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Whilst not necessarily disagreeing with anything Tim Clark said in his Telegraph interview, the financial state of Dubai Inc cannot be ignored. The current crisis is highly likely to impact on Emirates in numerous ways, forseeen and unforeseen. What for instance of its relationship with competitor ...

Ryanair's business model cannot sustain stopped growth in my view. Forward momentum is the only thing that keeps the show on the road - a bit like riding a bicycle. For MO'L to admit that the growth isn't going to go on forever isn't hugely reassuring. There's a limit to what he can screw out of ...