‘Qatar Airways does not get any govt aid’


07/02/2014 09:23 AST

Qatar Airways CEO Akbar al-Baker has termed as “unfair” the stand taken by some European carriers against Gulf airlines and affirmed his airline does not receive any “government subsidy”.

Recently, Germany’s largest airline Lufthansa called on European regulators to block plans by Abu Dhabi’s state-owned Etihad Airways to invest in ailing Italian carrier Alitalia, saying it would amount to unfair competition. Lufthansa has fiercely lobbied against Gulf airlines such as Etihad, Emirates, and Qatar Airways, and their fast-paced expansion in Europe and said in the past they benefit from “unfair” state aid.

Lufthansa said Europe would do better to keep its airline industry mostly privatised, Reuters reported.

Al-Baker said, “It is not true that we are subsidised. The fact of the matter is that the highest fuel price we pay as an airline is in Qatar. We are fighting for cheaper fuel price … so that we can expand and that other airlines that operate to and from Doha can benefit.”

Al-Baker told Gulf Times yesterday that they (European carriers) were forgetting the fact they were all subsidised some two decades ago.

“Just two decades ago they were all state-owned … were nearly bankrupt…their governments were bailing them out. Still there are many airlines in the world that are state-owned and receiving subsidies. Why no one is talking about them. Is it because they are all from big countries? Are they afraid of talking about them? Just because we are Gulf carriers … and are small countries … they want to criticise us. I think this is unfair,” al-Baker pointed out.

Asked whether the rapid growth of the Big Three Gulf carriers were rattling the European airlines, al-Baker said; “You must understand they are also growing in the phase of our growth. So what then is the problem?”

Gulf Times
Economic and Business News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
GFH 0.46 3,578,848
BKSB 0.14 275,822
DSI 0.39 45,711,538
DAMAC 3.84 686,475
SABIC 98.06 2,513,945
ALINMA 16.41 24,441,807
AIRARABIA 1.12 4,055,524
Recent News

Viva Bahrain named Asia’s Best Employer Brand
Telecom provider Viva Bahrain has been named Asia’s Best Employer Brand Award 2017 in Le Meridien, Singapore, making it the only Middle Eastern telecom company recognized at this level for its HR val

Agthia opens first store in Dubai
Agthia Group, a leading food and beverage group in the UAE, has opened its first store in Dubai and launched a partnership programme with UAE government institutions.

The new store was op

Masdar signs major contract for wind farm in Oman
Abu Dhabi’s renewable energy company, Masdar, signed an Engineering, Procurement and Construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the Dhofar Wind Power

Technical analysis of the QSE index
The Index closed down another week, this time by 1.48% from the week before and now it sits at 9,106.19. Weakness continued but the good news is that the Index reached around the 9,000 level which we

Doha Bank holds knowledge-sharing session
HE the Qatar Central Bank Governor Sheikh Abdulla bin Saoud al-Thani receives a bouquet of flowers from Doha Bank managing director Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani during the bank’

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?