The EUROCONTROL Member States have agreed a financial package enabling airlines to defer the payment of up to €1.1 billion of air traffic control fees due for payment to Europe’s air traffic management industry in the coming months.
As a result of COVID-19, the number of flights operating daily in European airspace has declined by 90%. This dramatic reduction in operations is likely to continue for a number of weeks to come and therefore the airline industry had sought the support of EUROCONTROL Member States to help it deal with its sudden and significant cash flow crisis.
Eamonn Brennan, Director General of EUROCONTROL told: “I am really delighted that our Member States have approved this essential measure. It will provide much needed liquidity support. Many airlines contacted EUROCONTROL to confirm that they would not be in a position to facilitate their next payments. With traffic down 90%, our Member States have clearly recognised the shared challenge. This payment deferral will ease the immediate burden on airlines and it provides certainty on financial planning to both airlines and the air navigation service providers (ANSPs) on when payments will be made after the crisis has abated.
“It is important to acknowledge the overwhelming support provided by our Member States for this measure, along with their air navigation service providers, as it provides vital assistance to the airline industry in their hour of need.”
Following the success of its first race class, Air Race E, the electric air race, has announced it is launching two new distinct race classes: one an airplane and the other a VTOL . The move to amplif...
BAA Training is one of the first aviation training centers in Europe to start Ab Initio pilot training with integrated Area 100 KSA. The acronym stands for „Knowledge, Skills and Attit...
JetBlue announced it has formally taken delivery of its first Airbus A321neo (new engine option) aircraft configured with the airline’s reimagined premium Mint® experience and an a...
flydubai announced the launch of flights to Cluj-Napoka in Romania. The airline will operate twice-weekly flights between Dubai International (DXB) and Avram Iancu International Airport Cluj (CLJ...