Tuesday 30 November 2010

UAE airlines want cheaper credit for rivals

Etihad Airways and Emirates Airline have backed rivals by lobbying for European and American carriers to be eligible for government support, or export credits, on Boeing and Airbus purchases.

The two UAE carriers are among 10 international airlines that have formed a group called Aviation Alliance, the primary goal of which is to end the "Home Country" rule, which was agreed to through the Organisation for Economic Co-operation and Development (OECD).

That rule prevents airlines based in the countries that produce Airbus and Boeing planes from receiving government-backed loans at attractive rates.

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