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The ongoing spat between US and Middle Eastern airlines over the open skies agreement – which, to paraphrase, is: the Americans claims the Gulf carriers compete unfairly because they receive state subsidies; the Gulf carriers respond that the Chapter 11 bankruptcy that US airlines appear to routinely dip in and out of represents state subsidies too – has mainly been about passengers, with little mentioned of cargo’s role. So here’s FedEx’s view. Frankly, it’s a brilliantly argued piece.

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