Gulf carriers' huge backlog of Boeing aircraft orders will be largely unaffected by the shutdown of the US Export-Import Bank, which provides the region's airlines with billions of dollars in guarantees, industry sources said.
Leading aviation expert Georges Hannouche has strongly opposed the “unilateral” imposition of the new carbon tax- Emissions Trading Scheme (ETS) by the European Union on flights into and out of Europe.
He said that it was no
Two major Gulf carriers said they have no interest in taking a stake in struggling Indian carrier Kingfisher Airlines, which is grappling with a pile of debt and on the hunt for fresh equity.
Abu Dhabi's state-owned Etihad Airways and
Qatar Airways chief executive officer Akbar Al Baker on Thursday hit back at criticism that Gulf airlines were a threat to the global aviation industry, saying European carriers should "accept competition."
European airlines face a cut-throat battle to survive the winter as recession threatens the recipe many have used to ride out a spike in oil prices - sharing the pain with consumers by slapping on fuel surcharges.
Airline bosses at a confe