Qatar Airways seeks $5 billion compensation from Arab bloc over airspace ban


Dubai, July 22

Qatar Airways is looking for at the very least $5 billion in compensation from Saudi Arabia, the United Arab Emirates, Egypt and Bahrain for blocking it from their airspace, the state-owned service stated on Wednesday.

The airline has been banned from the airspace of the 4 international locations since June 2017 after they lower ties with Qatar over accusations it helps terrorism. Doha denies the costs and says the bloc goals to infringe its sovereignty.

Qatar Airways stated the measures particularly focused the airline and aimed to shut its operations within the 4 international locations, destroying the worth of its investments and inflicting harm to its international operations.

The airline is looking for the damages by 4 funding arbitrations underneath three treaties, together with the Arab Investment Agreement, it stated in a press release.

Representatives of the 4 Arab states couldn’t be instantly reached for remark.

“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 violation,” Qatar Airways Chief Executive Akbar al-Baker stated.

Because of Qatar’s restricted airspace and its conflict with the Arab bloc, the airline has needed to depend on flying over Iran. That has meant longer costlier routes that require extra gasoline.

Last week, the UN’s highest courtroom for disputes between international locations sided with Qatar in its authorized combat with the Gulf states that imposed an air blockade on Doha.

It confirmed the International Civil Aviation Organization (ICAO) has jurisdiction within the airspace row, dismissing appeals by the 4 Arab states. Reuters

 



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