in Business & Finance

Qatar Airways launches investment arbitration against Egypt

Posted 24 July 2020 · Add Comment

Qatar Airways Group has launched four international investment arbitrations against which includes Egypt.

 

Qatar Airways launches investment arbitration against Egypt.  Image Qatar Airways

The other three arbitrations are against the United Arab Emirates, Bahrain, and Saudi Arabia.

 

Akbar Al Baker, Group CEO of Qatar Airways, said, “The decision by the blockading states to prevent Qatar Airways from operating in their countries and flying over their airspace is a clear breach of civil aviation conventions and several binding agreements they are signatories to. After more than three years of efforts to resolve the crisis amicably through dialogue yielded no results, we have taken the decision to issue Notices of Arbitration and pursue all legal remedies to protect our rights and secure full compensation for the violations. The blockading states must be held accountable for their illegal actions in the aviation sector, which includes a failure to comply with their obligations under bilateral agreements, multilateral agreements and international law.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Trent XWB-84 successfully reach planned time on wing

A batch of Rolls-Royce Trent XWB-84 engines has successfully reached their planned time on wing.

Green Africa appoints Kiran Koteshwar as Group CFO

Green Africa, Nigeria's Lagos-based value airline, has announced Kiran Koteshwar as the new Group Chief Financial Officer (CFO), effective from September 2020.

Comair secures short-term financing

South Africaís Comair, which operates a British Airways franchise and the Kulula Air has raised short-term financing to help the firm through the coming weeks, reports ch-aviation.

Madagascar builds for the future

Air connections are vital if Madagascar is going to attract foreign investment and develop its trade and tourism industry. Now, as Vincent Chappard reports, many airport regeneration programmes are taking place.

Egypt issues travel decree

The Egyptian Ministry of Civil Aviation has said that the Prime Ministerís decree on prohibiting travelling to Egypt, unless all travellers have a negative PCR test, is applicable only to non-Egyptians.

Qatar Airways resumes more flights to Africa

Qatar Airways will resume services to Jomo Kenyatta International Airport (NBO) - Nairobi, Kenya with 14 weekly flights and to Kigali International Airport (KGL) - Kigali, Rwanda with three weekly flights.

AMAC SK2907290121
See us at