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Industry News
Aviation Industry NewsUK aviation policy choking industry growthThe UK Government's policy is "choking" the aviation industry's growth under the weight of taxation and costly regulation, Dubai Airports chief executive Paul Griffiths said in London Wednesday."[The UK's] Air Passenger Duty serves only to pad the Treasury's coffers. And its recent decision to stop the construction of a third runway at Heathrow effectively snuffs out the considerable economic growth aviation can drive in an already beleaguered economy," Griffiths said in speech delivered to the UK Aviation club yesterday. Meanwhile, he said Dubai's policy has led the aviation sector to contribute up to 25 per cent of the city's gross domestic product."Airlines worldwide have lost some $50 billion since 2001," Griffiths said. "It's clear the current model is completely and utterly broken. As we work to repair it, Dubai's approach can provide some valuable insight."Griffiths said critics often confuse Dubai's pro-aviation policies with subsidisation. "We aren't the only tax-free environment in the world and the policy applies to all companies operating in Dubai."
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