| With US$2.2 billion (Dhs8.2 billion) cash in the bank, we are confident that the strength
of our brand and our reputation will enable us to arrange the loans to meet the costs of
buying an average of one aircraft per month for the next eight years, which means
raising over US$30 billion worth of investments. The uncertainty of the price of jet fuel,
fluctuations in currency and the possible continuing rise in US$ interest rates, present
challenges for the group but I am confident we will continue to manage the growth and
meet our target objectives in the coming year. 
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