
Competition, Cooperation Spurring Success at Istanbul, Dubai Airports
Large investments in airport construction
Airports, Bilgen said, are catalysts for economic change. Being able to welcome and accommodate large numbers of passengers with ease can help bring prosperity to a region. Two decades ago, Istanbul invested.
Regionally advantageous placement (at the center between Asia, Africa and Europe) meant that many major cities, London included, are a three-hour plane ride or less away. Istanbul would be a perfect hub if only it could grow to accommodate airline needs. Dubai has a similar geographical placement.
In 2013, Turkey invested in, "a brand-new place from scratch, and the brave plan to transfer all the operations from a 60 million tax airport to a brand-new airport... That was a real challenge and a brave decision to be taken," the CEO said on stage.
Istanbul Airport International departures area.
Istanbul Airport International departures area.
Istanbul Airport
Master planning, construction, operational readiness and transfer of operations between the old airport and the new one were completed in-house. "We have designed a brand-new airport from scratch with initial capacity of 90 million, but which will go up to 200 million [in] four phases and transfer, shut down the old airport in just one day, transfer[ed] all the operations to the new one," he said.
"We are proud to be one of the players in the industry, not by just building the largest, one of the largest airports in the world, but also exporting some talent as well," Bilgen told the assembled crowd, pointing out that two of his top performers have left to work for Griffiths.
Competition or cooperation?
"We are competing, but we're also on the same team," Griffiths told Newsweek's audience, responding to a question from panel moderator, Dr. Adil Ali.
"Our industry is more open to cooperation and collaboration; it is a necessity. If there's a problem with the airline, if there's a problem with the destination you are going, then it's a problem with your passenger as well," Bilgen added.
"I think that competition should be in the interest of the consumer, because I think it's not just about science, it's about the experience on the ground. So that actually should keep us really competitive with airport changes. We're also competitive, hopefully without service offerings. I think that competition is quite healthy," Griffiths told the crowd.
Dubai and Istanbul have advantages that other cities, like Tokyo and New York City, which have multiple major airports servicing them, have. "I don't think people say, 'Do you know that looks like a nice airport, I think I'll go to that country.' People go to an airport because it happens to be located in the place that they want to go to. And sometimes, you know, they go to that place despite the airport, not because the airport is a great experience. I think the thing is, the geography of the airport business makes us non-competing, because we're all providing a service. And in fact, we're all part of an ecosystem. Every single airport either provides the start or an end to a journey," Griffiths said.
However, there are some areas where major airports compete, Griffiths continued: "In some parts, we are actually competing, because transfer traffic is an absolutely integral part of the necessary workings of a major hub, because you wouldn't have a huge range of destinations served."
"Ultimately, the best passenger experience benefits all parties. It serves the market goal," Bilgen added.
Dubai International Airport Terminal 3 arrivals area.
Dubai International Airport Terminal 3 arrivals area.
Dubai Airports
Preparing for Impending Change
Dubai and Istanbul's locations allow them to be competitive with each other and the rest of the world, serving as gateways to around 240 cities each. Future air travel solutions could grow that number to as many as 300.
"I think with changes in aircraft technology, the number of destinations that you can fly to hub airports will continue to grow exponentially," Griffiths said. "There are so many destinations that hitherto have been beyond the reach of smaller airplanes, but that's going to change the number of destinations that are now within the range of the latest Airbus and Boeing single aisle aircraft – [they] will change that dramatically over the next few years."

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Newsweek
an hour ago
- Newsweek
Republican Backs Push to Repeal Part of Trump Bill Days After Voting For It
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Representative Troy Nehls, a Texas Republican, told Newsweek why he is cosponsoring a bill to repeal a measure included in President Donald Trump's One Big Beautiful Bill Act (OBBBA). "While I proudly voted for the One Big Beautiful Bill Act, which prevents the largest tax hike in American history, the Senate's version contained a provision that I strongly disagree with," Nehls told Newsweek in a statement. Nehls is the first Republican to cosponsor the FAIR BET Act, introduced by Representative Dina Titus, a Nevada Democrat. The bill aims to reverse a measure added by Senate Republicans that would reduce the amount of losses gamblers can deduct from their taxes from 100 percent to 90 percent. In simple terms, this means that if a gambler loses $10,000 during a trip to Las Vegas but wins back $10,000 on a trip later in the year, they would still have to pay taxes on $1,000 in losses. He continued, "Prior to the passage of the OBBBA, the tax code contained a 100% deduction for gambling losses and expenses up to the amount of the individual's winnings. This deduction was not changed in the House-passed version of the bill. The Senate, unfortunately, included a provision in their version of the legislation that reduced the allowable deduction to 90%, creating an overly punitive tax on gambling. This provision is unfair, which is exactly why I am a cosponsor of Rep. Dina Titus' FAIR BET Act." Why It Matters Nehls' support for the FAIR BET Act highlights how some Republicans voted for the bill despite not agreeing with every single measure in the reconciliation package. It's not uncommon for lawmakers often vote in support of large bills even if they view the legislation as imperfect, as they may support other parts of the bill. Critics say the measure included in Trump's would harm the gambling industry, result in players reporting taxable income even if they have net losses and potentially undermine tax compliance. What To Know Titus, whose district includes parts of Las Vegas, introduced the bill on Monday. It would apply to both professional and amateur gamblers. The tax deduction measure was notably added by the Senate as it made significant changes to the bill from the original version passed by the House of Representatives. The Nevada Democrat wrote in a statement that the FAIR BET Act "would rightfully restore the full deduction for losses so gamblers don't pay taxes on money they haven't won." A stock image shows slot machines in Dallas, Texas, on February 27, 2014. A stock image shows slot machines in Dallas, Texas, on February 27, 2014. skodonnell /iStock via Getty Images "This common-sense legislation will bring fairness back to gaming taxation, making sure that gamblers can fully deduct losses when they report their winnings. It gives everyone—from recreational gamblers to high-stakes gamblers—a fair shake. We should be encouraging players to properly report their winnings and wager using legal operators. The Senate change will only push people to not report their winnings and to use unregulated platforms," Titus wrote. Representative Ro Khanna, a California Democrat, is also co-sponsoring the bill. "The Republican budget would kneecap sports and gambling by making Americans pay taxes on gambling losses. This is deeply unfair. I'm proud to introduce the FAIR BET Act with Rep. Titus to restore the 100% tax deduction for gaming losses," Khanna told Newsweek in a statement. Nehls explained his vote for the One Big Beautiful Bill Act in a statement released last week, describing it as "promises made, promises kept." "This bill puts the American people first. It prevents the largest tax hike in American history by making President Trump's Tax Cuts permanent, eliminates taxes on tips and overtime, and delivers meaningful tax relief for seniors—all core promises from President Trump's campaign," he said. What People Are Saying Titus wrote in a post to X (formerly Twitter): "The FAIR BET Act now has bipartisan support! Thank you @RepTroyNehls for signing on. I will continue championing this legislation through Congress. Keep the momentum going!" Professional poker player Phil Galfond wrote to X on July 1: "If you win $100k and lose $100k – You'll owe tax on $10k of 'phantom' income. If you win $100k and lose $50k – You actually profited $50k, but you'll owe tax on $55k. If you win $100k and lose $150k – No tax owed (your deduction is capped at $100k, which is more than 90% of $150k ($135k))." The American Gaming Association, which supported Trump's bill, also backed Titus' bill in a statement reported by ESPN: "The American Gaming Association applauds Congresswoman Titus for introducing the FAIR BET Act. We are committed to working with Congresswoman Titus, other congressional leaders, and the Trump Administration to restore the long-standing tax treatment of gaming losses." What Happens Next If the FAIR BET Act does not pass, the new tax deduction provision will go into effect in 2026.