We will challenge the blockade, says Qatar Airways CEO
Akbar Al Baker, the chief executive officer of Qatar Airways, called the ongoing blockade on Qatar a “challenge to civilization” and expressed that his resolve to push for more growth has only been strengthened.Addressing the annual tourism fair in Berlin, Al Baker underlined that Qatar is “not a grocery shop”, but a sovereign country.
However, he pointed out that the blockade imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt will invite huge losses for Qatar Airways year ending April 1, adding that the carrier will need to find new streams of financing to survive since it has no access to the equivalent of US Chapter 11 bankruptcy protection.
Al Baker said that swapping to longer routes using wide-body aircraft is driving up costs and at some point the company will seek to recoup its losses.
It may be mentioned that Qatar Airways has invested in other major carriers, for instance, it took a 20 per cent stake in British Airways parent IAG SA and major holdings in Cathay Pacific Airways Ltd and Latam Airlines Group SA.