UAE and US maintain benefits for travelers and aviation industry

The UAE has welcomed the outcome of recent discussions on civil aviation with the United States in which both countries strongly reaffirmed the 2002 UAE-US Air Transport Agreement (ATA) and the fundamental principles of Open Skies, the company said.

In a Record of Discussion signed and released by the two governments, the UAE and the US “reaffirmed their strong support for the Air Transport Agreement . . . including all rights to conduct international air transportation contained therein.” In the Record of Discussion, the UAE maintained that the “UAE and its designated carriers are and have been at all times in full compliance with the Agreement.”

The UAE also raised concerns with certain US policies and practices that may adversely impact competition for international air services. In the Record of Discussions, both countries marked their intentions to promote best practices relating to marketplace participation. They also expressed their understanding that financial transparency is best served when airlines issue audited financial reports consistent with internationally recognized accounting standards.

The UAE noted that the financial disclosures of its international airlines are consistent with global accounting standards and that all designated airlines will continue to finance their commercial activities consistent with market conditions.

UAE airlines — Emirates and Etihad — currently serve 12 US gateways with 131 flights a week. These flights generate tens of billions of dollars into the US and UAE economies, supporting hundreds of thousands of jobs in both countries.

Both nations stated that aviation is an “essential part of the two countries vibrant commercial and economic relations, facilitating trade, tourism, investment and connectivity.” The UAE is the US´ largest export market in the Arab world, generating an annual USD 15.7 billion trade surplus for the US in 2017. UAE airlines are also the largest non-US buyer of US commercial aircraft.