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"We are grateful to president Trump for hosting this meeting and were encouraged by his in-depth understanding of our industry and the need to reform our air traffic control system", says Nicholas Calio, the president and chief executive of U.S. airline trade association Airlines for America (A4A).

Airports Council International-North America (ACI-NA) president and chief executive Kevin Burke told reporters that Trump did not endorse privatising ATC.

Heads of the three largest U.S. passenger carriers - American Airlines Group Inc, United and Delta - have sought to pressure the new administration into denouncing U.S. Open Skies agreements with the three major Middle Eastern carriers, which they accuse of having been unfairly subsidized by their governments.

The fund traded on volume of more than 51,000 shares, easily above its 30-day average of 37,000.

The dollar gained more than 5 percent against a basket of major currencies in the month and a half after Trump's election but has been on a decidedly downward turn since the new year began as Trump has focused more on trade and immigration than fiscal stimulus. USA airlines want the State Department to review the agreement that allowsaccess to the US airports. Kelly said airlines are not "in control" of those decisions.

By all accounts, the meeting was cordial, with Trump even praising Delta, whose CEO Ed Bastian was in attendance.

The three biggest US carriers - American Airlines (AAL), Delta and United - have loudly objected to the expansion, claiming the Middle Eastern airlines have unfairly benefited from national subsidies. I look forward to working with President Trump, Secretary Chao, Secretary Tillerson and other members of the administration on issues important to Delta, our employees and our customers.

President Trump told airline executives that the air traffic control system is "totally out of whack" and described the nation's airports as "obsolete".

"We're going to change all of that, folks, so you're going to be so happy with Trump", he said.

The effort is complicated because White House press secretary Sean Spicer spoke this week in support of Norwegian Air International.

The White House has indicated that USA president Donald Trump does not intend to revoke the licence issued to Norwegian Air International that will allow it to fly from Cork and Shannon to Boston and NY.

He also said there are no fast trains in the USA, "but if you go to China, you go to Japan, they have fast trains all over the place". "We support keeping jobs here in America and we believe President Trump will his commitment to put American jobs first".