Qatar seeks US$5b

Qatar seeks US$5b

QATAR Airways Group has launched four “international investment arbitrations” against the United Arab Emirates, Bahrain, Saudi Arabia and Egypt over their long-running air, sea and land blockade which started without warning on 05 Jun 2017.

QR is seeking full compensation for damages incurred, with the action brought under three separate treaties following a recent judgement by the International Court of Justice affirming that the International Civil Aviation Organization (ICAO) Council has the jurisdiction to hear any disagreement relating to the interpretation of the Chicago Convention 1944 and the International Air Services Transit Agreement.

The blockade (TD 15 Jun 2017) has forced QR to reroute flights because it was forbidden from flying over the other countries’ airspaces.

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Source: traveldaily