Pompeo, UAE counterpart welcome ‘level playing field’ aviation agreement

WASHINGTON, US Secretary of State Mike Pompeo and UAE Foreign Minister Sheikh Abdullah Al Nahyan welcomed results of recent discussions on civil aviation.

Theses deliberations aimed at ensuring “a level playing field in the global aviation sector while maintaining the Open Skies framework of US international aviation policy,” according to the State Department Monday.

Last Friday the two governments addressed concerns raised by US air carriers regarding government support for the UAE’s flagship airlines.

“The two governments recognize the possible adverse impact of government support on competition. They express their understanding that financial transparency is best served when airlines issue annual financial reports audited in accordance with internationally-recognized accounting standards,” said the State Department release.

Emirates Air, US airlines, and Etihad Airways “should endeavor to take steps to ensure that material transactions with government-owned providers of goods and services of either country are based on commercial terms,” it added.

The statement continued, “This outcome is a result of the Department of State-led effort to address concerns about subsidized competition and a lack of transparency in the global aviation sector”.

Later on Monday, Pompeo said that “American industry is happy” with the agreement and thanked Sheikh Abdullah for working “so hard’ on it.

“I think it’s a good outcome for all concerned, and we’re very pleased to have had the chance to work with you on that,” said Pompeo.

The Foreign Minister replied, “On a bilateral level, I think we’ve done an amazing job in the last couple of months on the aviation, so thank you, and congratulations.

Source: Kuwait News Agency

Pompeo, UAE counterpart welcome ‘level playing field’ aviation agreement

WASHINGTON, US Secretary of State Mike Pompeo and UAE Foreign Minister Sheikh Abdullah Al Nahyan welcomed results of recent discussions on civil aviation.

Theses deliberations aimed at ensuring “a level playing field in the global aviation sector while maintaining the Open Skies framework of US international aviation policy,” according to the State Department Monday.

Last Friday the two governments addressed concerns raised by US air carriers regarding government support for the UAE’s flagship airlines.

“The two governments recognize the possible adverse impact of government support on competition. They express their understanding that financial transparency is best served when airlines issue annual financial reports audited in accordance with internationally-recognized accounting standards,” said the State Department release.

Emirates Air, US airlines, and Etihad Airways “should endeavor to take steps to ensure that material transactions with government-owned providers of goods and services of either country are based on commercial terms,” it added.

The statement continued, “This outcome is a result of the Department of State-led effort to address concerns about subsidized competition and a lack of transparency in the global aviation sector”.

Later on Monday, Pompeo said that “American industry is happy” with the agreement and thanked Sheikh Abdullah for working “so hard’ on it.

“I think it’s a good outcome for all concerned, and we’re very pleased to have had the chance to work with you on that,” said Pompeo.

The Foreign Minister replied, “On a bilateral level, I think we’ve done an amazing job in the last couple of months on the aviation, so thank you, and congratulations.

Source: Kuwait News Agency