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U.S., UAE sign pact to resolve airline competition claims - sources

Reuters  |  WASHINGTON 

(Reuters) - The and United Arab signed a deal on Friday to resolve U.S. claims that Gulf carriers have received unfair government subsidies, sources briefed on the matter said.

The voluntary agreement, which applies to Etihad and and is expected to be announced next week, is similar to a deal announced in January between the and in which agreed to release detailed financial information about state-owned Airways. Since 2015 the largest U.S. carriers have urged the to challenge the conduct of the three major Middle Eastern carriers under "Open Skies" agreements. The U.S. airlines contend the Gulf carriers are being unfairly subsidized by their governments with more than $50 billion in subsidies over the last decade.

(Reporting by David Shepardson; Editing by Leslie Adler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 23:54 IST