12.04.2024 13:17:20 - dpa-AFX: US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

ATLANTA (dpa-AFX) - Major airlines in the United States, along with its
various unions, urged the Biden Administration to pause additional passenger
flights between the country and China, citing anti-competitive policies of the
Chinese government.

Following the news, most of China-based airlines were trading lower on Friday.
Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd.
dropped 2.5 percent, and China Southern Airlines Co. Ltd. fell 1.8 percent.

In a joint letter addressed to Secretary of State Antony Blinken and Secretary
of Transportation Pete Buttigieg on behalf of the U.S. aviation industry, the
airlines and unions asked them not to approve any more flights until U.S.
workers and businesses are guaranteed equality of access in the marketplace,
free from the existing harmful Chinese policies.

The airlines and unions were represented by Airlines for America or A4A, which
includes all major U.S. airlines and certain associate member airlines like UPS
and FedEx, as well as The Association of Flight Attendants-CWA or AFA, Air Line
Pilots Association or ALPA, and Allied Pilots Association or APA.

As per the letter, China unilaterally suspended the bilateral air services deal
with U.S. at the outbreak of the COVID-19 pandemic, and effectively closed its
market to U.S. Carriers.

The airlines noted that the Chinese implemented strict limits on market access
during the pandemic era, and imposed challenging rules effecting operations,
customers and the treatment of US airline crew.

Noting that the competitive disadvantage is harmful to around 315,000 workers
employed by U.S. passenger airlines that serve China, the companies and uniouns
indicate that there is a clear need for the U.S. government to establish a
policy that protects U.S. aviation workers, industry and air travelers.

According to them, the anti-competitive relationship between the two countries
is highlighted by the advantage Chinese airlines receive by continuing to access
Russian airspace, while U.S. carriers stopped flying through Russian airspace at
the start of Russia's invasion of Ukraine in March 2022.

'If the growth of the Chinese aviation market is allowed to continue unchecked
and without concern for equality of access in the market, flights will continue
to be relinquished to Chinese carriers at the expense of U.S. workers and
businesses,' the letter noted.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Alaska Air Group 869843 NYSE 42,020 31.05.24 03:05:14 +0,840 +2,04% 42,030 42,440 41,560 42,020
JetBlue Airways Corp 541867 NASDAQ 5,585 31.05.24 23:20:30 +0,265 +4,98% 5,570 5,600 5,370 5,590
Southwest Airlines Co 862837 NYSE 26,840 31.05.24 03:00:23 +0,730 +2,80% 26,840 26,900 26,330 26,840
Delta Air Lines A0MQV8 NYSE 51,020 31.05.24 03:09:44 +0,920 +1,84% 50,510 51,150 50,400 51,020
United Airlines Holdings A1C6TV NASDAQ 52,990 31.05.24 23:29:00 +1,665 +3,24% 53,000 53,130 51,820 52,990

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH