Washington Examiner: Ted Cruz encourages Trump Cabinet trio to take action against Gulf countries accused of unfairly subsidizing airlines
Sen. Ted Cruz is urging the Trump administration to enforce international aviation agreements with the United Arab Emirates and Qatar.
Today, I am convinced that there is no greater threat to the future of our industry than the destabilizing force of the massively subsidized Gulf carriers that are systematically attempting to take over global passenger aviation.
They call him His Excellency, but the CEO of Qatar Airways, Mr. Akbar Al Baker, seems anything but excellent.
For over a decade, two Gulf nations, the United Arab Emirates and Qatar, have funneled over $50 billion to their state-owned airlines, Emirates, Etihad Airways and Qatar Airways.
After studying Qatar Airways’ Fiscal Year 2017 financial results, I wondered if its broader annual report began “Once upon a time,” for their grip on reality far exceeds anything from the Brothers Grimm or Hans Christian Andersen.
The UAE and Qatar have engaged in unfair and unequal competition by providing their national airlines — Emirates, Etihad Airways and Qatar Airways — with an estimated $50 billion in subsidies.