European Commissioner for Transport Siim Kallas admitted to excessively slow progress on the Single European Sky (SES) last week and characterized Russia’s continued charges for Siberian overflights as unacceptable. He has threatening European Union member states with legal action over their failure to carry out their respective SES responsibilities. Separately, he is planning a March 21 meeting in Moscow to pressure Russian authorities to address what he views as “unfair” overflight fees.
AIN Air Transport Perspective » March 4, 2013
The withdrawal of Kingfisher Airlines’ domestic airport slots and international flying rights by India’s Ministry of Civil Aviation on February 25 could make a phased restart of the carrier even more challenging. Meanwhile, authorities have de-registered 13 of the 37 aircraft parked in India, but airports haven’t allowed lessors to claim their assets until Kingfisher pays pending dues totaling $72 million.
“[Kingfisher has] to give some guarantee [to pay], said Airports Authority of India chairman V.P. Agrawal. “Bank checks worth $21 million…bounced. A legal issue is going on.”
Record Airbus deliveries in 2012 proved a big factor in boosting the group revenues of parent EADS by 15 percent last year, and a strengthened U.S. dollar improved the return on sales. But at last week’s EADS annual results press conference, the group characterized 2013 as a critical year in terms of ensuring that the costs associated with both the A380 and A350XWB programs do not drag down profitability any more than they already have done.
Irish leasing company Avolon has endeavored to dispel what it characterizes as some common misperceptions about the market implications of the introduction of the Boeing 737 Max and Airbus A320Neo in a new report titled Transitioning to Neo and Max: An Investor’s Guide. Speaking last Monday on a conference call from Dublin, Avolon executives argued for the likelihood of an orderly and healthy transition from the Airbus A320ceo (current engine option) and 737NG to their re-engined counterparts,
The effects of the U.S. government budget cuts that started on March 1 will not likely be felt until April but they could be significant for airlines and their passengers. The Federal Aviation Administration, the Transportation Security Administration (TSA) and the Customs and Border Protection (CBP) agency will absorb the mandated spending cuts known as the “sequester” in part by furloughing employees, or requiring them to take several days of unpaid leave.
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