dearJulius.com Write For Us

US, UAE Sign Airline Financial Transparency Deal

SHARE:

© Getty Images PHOTO: An airplane waits outside the airport terminal. (photo courtesy of ke1150sb/iStock/Getty Images Plus)

By Donald Wood, TravelPulse

After years of claiming Gulf carriers received unfair government subsidies, the United States and the United Arab Emirates signed a deal Friday to release detailed financial information about airlines operating in the country.

According to The Associated Press, the agreement will apply to Etihad and Emirates airlines and will be similar to the deal struck between American officials and Qatar in January. As part of the arrangement, Qatar Airways appeased U.S. airlines by increasing financial transparency.

The top carriers in the U.S. have challenged Qatar, Etihad and Emirates airlines regarding their conduct under the Open Skies Agreement since 2015, but the news of a deal would be a major step toward much-needed transparency.

U.S. airlines had claimed the three major Middle Eastern carriers received unfair subsidies from their respective governments, with officials estimating they garnered more than $50 billion over the last decade.

“This agreement is a win for American jobs and shows that President Trump stands up to countries that violate our trade agreements,” Partnership for Open and Fair Skies campaign manager Scott Reed said in a statement.

“We are extremely pleased that the UAE has finally admitted what we have said all along – its government subsidies harm competition. This agreement will freeze Emirates and Etihad Airways from adding additional direct flights from the United States to Europe and Asia. We deeply appreciate President Trump’s leadership in enforcing our international agreements and standing up for American workers.”

The deal was reportedly being negotiated for months and was finally signed behind closed doors by Assistant Secretary of State Manisha Singh and Emirati Ambassador to the U.S. Yousef al-Otaiba.

A State Department official speaking under the condition of anonymity told The AP that the deal will likely be announced Monday when the Emirati foreign minister visits Washington. The agreement was reportedly crafted to allow both the Emirati airlines and the U.S. airlines to claim victory.

“An abundance of healthy airlines—both domestic and international—are a critical component of American job, GDP and export growth,” U.S. Travel Association CEO Roger Dow said.

“We're deeply appreciative that the administration engineered a deal which honors that principle and seems pleasing to all stakeholders. We hope this marks the end of three years of division that, thankfully, resulted in preserving Open Skies, and are eager for all parties to return their collective attention to policy pursuits that grow travel to and within the United States.”

Related slideshow: See the Over-the-Top Perks of an Emirates Airlines Business-Class Flight (Provided by POPSUGAR)

COMMENTS



Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...

Name

Travel,1359,
ltr
item
Travel - U.S. Daily News: US, UAE Sign Airline Financial Transparency Deal
US, UAE Sign Airline Financial Transparency Deal
https://2.bp.blogspot.com/-ytjmJ6JM9To/WvgWcatKzKI/AAAAAAAAm1E/Ev7IT5ItIOgJ9g-ee6gMzRI3l0Q6l9nkACLcBGAs/s1600/1.jpg
https://2.bp.blogspot.com/-ytjmJ6JM9To/WvgWcatKzKI/AAAAAAAAm1E/Ev7IT5ItIOgJ9g-ee6gMzRI3l0Q6l9nkACLcBGAs/s72-c/1.jpg
Travel - U.S. Daily News
https://travel.dailynews.us.com/2018/05/us-uae-sign-airline-financial.html
https://travel.dailynews.us.com/
https://travel.dailynews.us.com/
https://travel.dailynews.us.com/2018/05/us-uae-sign-airline-financial.html
true
3050905787730048509
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy