Google+ Followers

Thursday, 1 September 2016

U.S. Airlines Sound Like Trump in Trade Fight Against Mideast Rivals - Bloomberg

U.S. Airlines Sound Like Trump in Trade Fight Against Mideast Rivals - Bloomberg:

"Much of corporate America may cringe over some of Donald Trump’s policy positions, in particular his stance on trade. But the billionaire’s rhetoric bears a striking resemblance to arguments that have been made by a critical segment of the American business community—U.S. airlines and their unions.
The three largest American carriers contend that three rivals in the Middle East, subsidized by the governments of United Arab Emirates and Qatar, don’t compete fairly on international routes. Emirates, Qatar Airways Ltd., and Etihad Airways PJSC threaten the U.S. airline industry and some 300,000 jobs, according to the Partnership for Open & Fair Skies, a lobby group funded by American Airlines Group Inc., Delta Air Lines Inc., and United Continental Holdings Inc. Seven unions that represent pilots and flight attendants are also on board.
The Big Three U.S. airlines say that the Middle East trio has received more than $50 billion in subsides “and other unfair benefits” from their governments, violating the Open Skies agreements the U.S. has signed with Qatar and the UAE. Trump has made trade a central issue in his campaign, and a former Democratic presidential candidate, U.S. Senator Bernie Sanders, shared similar views on some trade deals, a position credited with prompting Democratic Party nominee Hillary Clinton to drop her support for the Trans-Pacific Partnership, or TPP. "

'via Blog this'