European Airlines Improve Financial Performance

A Commission report (The European airline industry: from single market to worldwide challenges) issued on 21 May states that European airlines have improved their financial performance in response to market liberalisation. It also states that fares have been brought down by 10-24% as a result of competition. The Commission says that further streamlining of the regularory regime is necessary however, with bilateral agreements between Member States and non-EU countries hampering further restructuring.

(Originally posted by Jason Campbell)

Potential Growth in EU Tourism Employment

A Commission Communication of 28 April reports that 2.2m-3.3m extra jobs could be created in the EU by 2010, if a positive climate for investment is encouraged. The Commission proposes a three stranded strategy - better use of information, easier information facilities, and structured consultation with relevant bodies. 9m jobs in the EU are in the tourism industry, in 2m businesses. It generates 5.5% of overall GDP, 6% of employment and 30% of external trade in services. [IP/99/267]

(Originally posted by Jason Campbell)

Aircraft Noise and the Council of the EU

Europe's proposal to ban planes fitted with 'hush kits' from flying in the EU after April 2002 has been postponed until the end of April in order to allow negotiation between the Commission and the US, after the US threatened to ban Concorde in retaliation.

(Originally posted by Jason Campbell)

English High Court Clears Payment for Airport Slots

The High Court in London ruled on Thursday, 25 March, that EU Regulations do not prevent money being paid as part of an exchange of takeoff and landing slots between airlines. BA had exchanged slots with KLM, paying compensation to the Dutch airline in recognition of the greater value of its slots. The judgment does not however go so far as to permit airlines to sell their slots outright - a pair of takeoff and landing slots at Heathrow being estimated as being worth up to £3m ($5m)

(Originally posted by Jason Campbell)