It’s been only 100 years since the first commercial flight took off, but nowadays it’s all about having a private plane — complete with customised themes and room for a truckload of baggage. As people and corporations become wealthier, so too is the executive jet business
The UAE’s wealthy businessmen and royals have fallen so in love with the grandeur of polo they are spending tens of millions just so they can play. Others have created loss-making events to attract the ultra-rich but how much are they willing to pay for the notoriously expensive game?
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.
Teeing-off in Dubai is becoming ever more interesting, with several new and revamped golf courses being announced in recent months. There’s now more than a dozen either open or on their way in a city of 1.1 million. So will they all survive, or will the poorest performers be relegated to bogey status?