01 Jul 2015
(MENAFN) The Dubai-based Emirates airline has been accused with violating U.S. Open Skies accord and that it has obtained a total of USD5 billion in subsidies from the government, Reuters reported.
In addition, the U.S. carriers claimed that Emirates received hedge losses previously assumed by the parent company The Emirates Group, and that the subsidies have severely aided the airline in routing out competitors from key markets.
“Our investigation shows that these massive subsidies have allowed Emirates, Etihad and Qatar (Airways) to expand far beyond what market forces could ever support,” a spokesman from the U.S. said.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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