Tourism

Qatar Airways’ funding in Air Italy is totally compliant with U.S.-Qatar Open Skies settlement

DOHA, QATAR – Following latest false accusations regarding Qatar Airways’ shareholding in Air Italy, such baseless statements and constant inaccuracies want addressing as a matter of urgency.

Qatar Airways holds a 49 per cent stake in Air Italy’s father or mother firm, AQA. This minority funding is on the similar stage that Delta holds in each Virgin Atlantic and Aeromexico, and that Etihad held in Alitalia.

Qatar Airways’ funding in Air Italy, and operations to the USA, are totally compliant with the U.S.-Qatar Open Skies Settlement, the January 2018 U.S.-Qatar Understandings, and a facet letter that accompanied the discussions.

Unfounded claims that Qatar Airways’ funding in Air Italy violates the Understandings are totally false.

As a factual matter, the funding preceded the January 2018 U.S.-Qatar Understandings.

The funding was introduced in a July 2016 press launch and was permitted in writing by the European Fee (DG Competitors) in March 2017. The transaction was closed in September 2017.The discussions surrounding the Understandings happened in December 2017 and January 2018. 

Qatar Airways’ funding in Air Italy was a matter of public data (as have been Qatar Airways’ investments in different airways) on the time of the U.S.-Qatar discussions; airline investments weren’t raised as a degree of concern throughout these talks. The Understandings don’t point out or prohibit cross-border investments of any kind.

Moreover, Qatar Airways doesn’t codeshare on any of Air Italy’s flights to the USA, and has no plans to take action. Qatar Airways just isn’t working any Fifth Freedom scheduled air providers to the U.S.

The “Large three” U.S. carriers have persistently demonstrated their hostility to new entrants into the U.S.-Europe market, and their assaults on Air Italy primarily based on the identification of its minority shareholder are simply one other manifestation of this hostility. Air Italy, the service the “Large three” cite as a serious “menace” to their survival, has a fleet of simply 15 plane and solely serves one U.S. metropolis – New York – with a day by day service whereas different routes, Miami, Los Angeles and San Francisco are operated at a decrease frequency.

The U.S.-Qatar Open Skies Settlement has introduced monumental advantages to U.S. and Qatari customers, companies and communities. Qatar Airways’ providers to the USA contribute to U.S. tourism and enterprise. Qatar Airways is a long-term and dependable buyer of Boeing, Gulfstream and Basic Electrical, serving to to safe tens of hundreds of U.S. jobs by our continued funding of their merchandise and is a valued accomplice to many different U.S. companies.

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