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Leading airlines have called on Europe and the United States to cap export credits on the sale of passenger jets at 20 percent in the latest ripple of a growing spat over multi-billion-dollar subsidies.
U.S. and European airlines say their Gulf rivals get subsidies and export credits that allow them to grow at a breakneck pace and take market share. Get the full story »
Dubai’s financial woes may force majority state-owned Dubai Aerospace Enterprise to renegotiate some 220 aircraft orders with Boeing and Airbus, French daily Les Echos said on Monday. The debt-laden emirate has chosen to turn part of its deliveries into new contracts for airline Emirates, the paper said, without citing a specific source. Get the full story »
