In a statement at the World Travel and Tourism Council (WTTC) in Abu Dhabi on Wednesday, Walsh said that the UAE’s tax-free system has facilitated the aviation industry boom, reported UAE based Gulf News on Thursday.
He noted that Gulf airlines are among the most advanced in the world.
“Gulf airlines are the most progressive at the international level: Etihad, Emirates and Qatar Airways for example, as they benefit from the tax free systems to improve their performance and to expand further,” stated Walsh.
The CEO stressed that there will be tough worldwide competition in the global aviation market in the near future as well as an increase in demand regarding international travel.
“In five years, a new type of aviation market will be introduced and it will be different from what we know now. And in 20 years from now