You have to question Dubai World's logic for a Far East proposal
London has a 4 year payback not 10 years
The Far East are investing in London $4.5 billion last month for the Royal docks next to where QE2 will located and yet Dubai want to invest in the Far East.
London has a recession proof economy.
They want to convert the ship into something that looks like any other hotel when you do not need to for a London market.
With London, their revised offer was an upfront cash payment for the ship and still have a joint venture participation with London.
There has to be a hidden agenda, why get the ship operational? to prove to the investors that she can sail?
If that's the case Mr Ho could be the investor, which means there is a good chance once she is in the Far East they would use her as a gambling ship and Cunard could not do anything about it as they would just get tied up in a long legal battle.