EU: Iceland Volcano Aftermath Will Cost €1.5 to €2.5 Billion
April 29, 2010 - The volcanic ash that grounded around 100,000 flights over Europe will cost EU airline industry as much as €2.5 billion, according to Siim Kallas, the EU Transport Commissioner.
To help airlines attempt to recoup some of these losses, Kallas said at a news briefing that governments would be able to waive current restrictions on night flights and defer air traffic controller charges.
Kallas also said Europe needs to accelerate its common airspace project, which will streamline the 27 national airspaces to just nine by 2012.
Read more at Airline Industry Today:
Volcanic Ash Airline news - http://airlines.einnews.com/news/volcanic-ash-airlines
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To help airlines attempt to recoup some of these losses, Kallas said at a news briefing that governments would be able to waive current restrictions on night flights and defer air traffic controller charges.
Kallas also said Europe needs to accelerate its common airspace project, which will streamline the 27 national airspaces to just nine by 2012.
Read more at Airline Industry Today:
Volcanic Ash Airline news - http://airlines.einnews.com/news/volcanic-ash-airlines
Located at http://airlines.einnews.com, Airline Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest airline news from more than 7,000 news sites from around the world. Membership includes news delivery in Email and RSS formats. New members to Airline Industry Today can enjoy a no-obligation, 7-day trial.
About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.
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