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KHALEEJ TIMES, Tuesday, Apr 17, 2018 | Shaaban 1, 1439

UAE, US not yet near the deal on airline subsidy issue: Emirates

Emirates: Dubai-based Emirates airline has confirmed that inter-government talks between the UAE and the US are underway to resolve airline subsidy issue but they are not yet close to reaching the deal.

Newswires reported earlier that both the two governments are close to sealing the deal on the airline subsidy spat.

"Intergovernmental talks continue but are some way off from a conclusion," an Emirates spokesperson said in a statement to Khaleej Times.

The US State Department was also quoted in an AP report that discussions are ongoing but said that there is "nothing to report at this time."

Newswires recently reported that the two UAE carriers - Emirates and Etihad Airways - would open up accounting books as part of the deal. However, the UAE carriers have strongly rejected these accusations from the American airlines about government subsidies provided to them.

In fact, the UAE airlines had stated that the open-sky agreement between the two countries as well as the massive orders for new aircraft worth billions of dollars placed by the UAE carriers with the US aircraft manufacturer have created hundreds of thousands of jobs for the US residents.

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