Eithad well-hedged for oil needs
United Arab Emirates: Tuesday, March 18 - 2008 at 09:20
Eithad Airways CEO James Hogan said the airline is well hedged for 78% of its oil requirements for 2008, at prices below $100 a barrel, reported Khaleej Times. He denied that his airline is receiving capital injections from the government to offset soaring oil-prices, and said arrangements are being made to cover the carrier's oil needs for next two years.
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Jeff Florian, Senior ReporterTuesday, March 18 - 2008 at 09:20 UAE local time (GMT+4)
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