Qatar and USA agree'transparent'accounts

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This topic contains 1 reply, has 2 voices, and was last updated by  Tom Otley 31 Jan 2018
at 13:18
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  • Flightlevel
    Participant

    The US government and Qatar have agreed transparent accounting standards to enable Qatar Airways to prove it is not being subsidised, as US airlines are, by reorganising under legal protection.

    The fact that US airlines can’t compete with Arabian Gulf airlines (because of outdated business plans and inefficient aircraft) will become evident?


    Tom Otley
    Keymaster

    Under pressure from US airlines, Qatar Airways agrees to open its books

    State-controlled Qatar Airways has agreed to disclose financial information within a year, a victory for big U.S. airlines that have complained over the last three years that some Persian Gulf-based carriers benefit from unfair government subsidies.
    Under the memorandum of understanding between the Qatari and U.S. governments, Qatar Airways “should issue public annual reports with financial statements audited externally in accordance with internationally-recognized accounting standards, to the extent they are not already doing so,” the State Department said on Tuesday.

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