Will the Gulf’s flying gentry consider venturing below stairs?

Updated 29 December 2017

Will the Gulf’s flying gentry consider venturing below stairs?

The arrival of Emirates at Stansted, a hub for Ryanair, sets up some potentially interesting options as the luxury and budget ends of air travel respond to the shared experience of tougher competition.
While Etihad’s ill-fated codeshare alliance strategy failed to deliver on its ambitious hopes following the collapse of both Air Berlin and Alitalia, there is still considerable interest in codeshare combinations between big global carriers and their low-cost cousins serving regions from Europe to Asia — and that do not require vast investments.
There has been no hint from either Emirates or Ryanair of any desire for future collaboration, but Ryanair CEO Michael O’Leary has long held the belief that carriers such as his would eventually provide the spokes to the hub model.
“The low-fare airlines will be doing most of the feed for the flag carriers,” he told Bloomberg in a 2015 interview. He saw it as taking between five and 10 years for that to happen.
A similar process has already started in the Gulf with the tie-up between Emirates and sister low-cost carrier flydubai.
Last week easyjet’s Europe managing director also told a German newspaper that it had received “very many inquiries” from other airlines wanting to use his airline as their feeder.
The last year has seen upstart low-cost carriers from Norwegian Air to Wizz Air make encroachments into the long-haul market.
It all makes for an interesting global aviation market in 2018 which may see carriers with very different operating models and passenger expectations becoming unlikely bedfellows.

Britain, EU tell each other to move on trade

Updated 20 October 2020

Britain, EU tell each other to move on trade

  • Both sides call on each other to protect billions of dollars of trade between the neighbors

BRUSSELS: Britain and the EU said on Monday the door was still open for a deal on their post-Brexit relationship, calling on each other to compromise to find a way to protect billions of dollars of trade between the neighbors.

With just over two months before Britain ends a status quo transition arrangement with the EU, talks on a trade deal are deadlocked, with neither wanting to move first to offer concessions.

A no-deal finale to Britain’s five-year Brexit drama would disrupt the operations of manufacturers, retailers, farmers and nearly every other sector — just as the economic hit from the coronavirus pandemic worsens.

European Commission Vice President Maros Sefcovic repeated on Monday that the EU still wanted a trade deal but not “at any cost” after British Prime Minister Boris Johnson said on Friday there was no point in continuing talks.

“It has to be a fair agreement for both sides — we are not going to sign an agreement at any cost,” Sefcovic told reporters after meeting Michael Gove, Britain’s point man on the existing divorce agreement, in London.

“The EU is ready to work until the last minute for a good agreement for both parties,” Sefcovic said.

Britain, increasingly frustrated by the EU’s refusal to start text-based talks, called on the bloc to make the first move, with its housing minister saying that Brussels only had to make “some relatively small but important changes.”

Housing Secretary Robert Jenrick called on the EU to “go that extra mile, to come closer to us on the points that remain for discussion.”

A spokesman for Johnson again ruled out prolonging any negotiation beyond the end of this year, when the transition period runs out, saying the EU “must be ready to discuss the detailed legal text of a treaty in all areas with a genuine wish to respect UK sovereignty and independence.”

EU chief negotiator Michel Barnier had been due in London for talks with British counterpart David Frost this week. Instead, they will now speak by telephone on Monday to discuss the structure of future talks, Barnier’s spokesman said.

Negotiations broke down on Thursday, when the EU demanded Britain give ground. Issues still to be resolved include fair competition rules, including state aid and fisheries. EU diplomats and officials cast Johnson’s move as a frantic bid to secure concessions before a last-minute deal was done, and European leaders have asked Barnier to continue talks.

British officials have repeatedly said any deal has to honor Britain’s new status as a sovereign country and not try to tie it to EU rules and regulations.

German Chancellor Angela Merkel said compromises on both sides would be needed. French President Emmanuel Macron said Britain needed a deal more than the 27-nation EU.

Britain is launching a campaign this week urging businesses to step up preparations for a no-deal departure. In a statement accompanying the launch, Gove says: “Make no mistake, there are changes coming in just 75 days and time is running out for businesses to act.”

More than 70 British business groups representing over 7 million workers on Sunday urged politicians to get back to the negotiating table next week and strike a deal.