Emirates’ Clark Says Oil, Ukraine Tensions Threaten Aviation Recovery
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A nascent recovery in the aviation industry could be derailed by higher fuel prices and potential conflict in Ukraine, according to the longtime head of Gulf carrier Emirates.
“A war in Europe, aggression over there will have very disruptive effects on the industry,” Emirates President Tim Clark told Bloomberg TV on Thursday. The repercussions would go beyond any conflict itself, to “what happens after that -- in terms of sanctions, possible closures of airspace.”