Me thinks Ty works for one of the ME3... let's wait and see.
Well... were waiting.
tail
Nope, don't work for one of the ME3.
If there's any doubt as to the depth of Emirates' incestual relationship with their government, their CEO is also the President of their Civil Aviation Authority for eff's sake.
http://www.bloomberg.com/research/st...irates%20Group
Imagine the outrage if Richard Anderson, Jeff Smisek, Doug Parker or Gary Kelly were the FAA Administrator.
A very common misunderstanding, the Dubai CAA is not the regulator for the airlines in the UAE. The UAE GCAA is the regulator for the airlines in the UAE. The Dubai CAA simply looks after airport infrastructure and such. It has no authority for pilot licensing, flight and duty time limitations, airline oversight, etc. That is what the UAE GCAA does.
An email just received... More "tripe" as typhoonpilot so moronically calls it.
We can debate, but you'll have to stop with the name calling first. I will not engage someone who stoops to character assassination as a form of debate. Are you not an intelligent educated former navy pilot? Why are you afraid of rational debate?
TP,
Posted a long response, got lost in the webs.
Anyway, take a look at the white paper on the ME3. Massive cash infusion to a state owned airline under the guise of buying equity is hardly above board.
Nor is covering a large loss on fuel hedging really legit.
Dizel and I go back close to a decade and he does not insult me so he gets first response.
Let's talk about the fuel hedge covering. If it actually happened, which we'll probably never know, Emirates pays a dividend to their primary shareholder every year. That dividend has been averaging around $200-300 million for the last few years. So if the government stepped in with a "loan", it certainly is well on it's way to being paid back in full. I would hardly call that a "subsidy". You can read Emirates annual reports for yourself to see the dividend that they pay to their primary shareholder (which is a government investment structure).
Now, on to other points.
Can someone please find for me this mystical "level playing field"? Is there such a thing in any global industry? Weren't at one time, or are still currently: British Airways, Air France, Qantas, Air China, Korean, Vietnam Airlines, Singapore Airlines, Air India, etc, etc state owned or controlled carriers?
But my cabotage point is when they get them? Do you know what cabotage is?
This one gets brought up a lot. It's a false flag since we all know that pretty much everyone is against it. No foreign passenger airline is asking for cabotage rights in the USA. It's an incredible leap from the issue at hand, which is foreign competition on international routes.
The latest front of the ME3?s war against our carriers is our European routes. After entering an already competitive market in 2013, Emirates now accounts for nearly 19 percent of the bookings between New York and Milan.
So what percentage of the bookings do DAL and UAL account for from NRT to SIN? NRT to MNL? NRT to BKK? , etc. If DAL and UAL can fly 5th freedom why can't Emirates?
..............and better yet, what percentage of the express package and freight market does FedEx and UPS account for in most of the world? Who has a hub in Guangzhou that operates, not just 5th freedom, but 7th freedom flights?
Typhoonpilot