Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
The online FIA Connect event brought the aviation industry together for a much-needed conversation about how it can get past the Covid crisis.
Roland Berger says the next few years will be more of a transition than a recovery for civil aviation, as air transport demand gradually returns.
UK industry group ADS says the government must match public spending by other countries' aerospace industries to deal with threats posed by Covid, Brexit.
Senior industry leaders addressing the opening ceremony for the FIA Connect event indicated that the aerospace sector faces a long path to recovery.
Airlines that have not benefitted from government aid struggle to survive the pandemic.
A change to the European Union's customs code acknowledges establish practice allowing flight plans to suffice for declaration of entry and departure.
A new credit facility and loan for KLM has been agreed almost two months after sister company Air France got state aid.
The German airline's leading private shareholder had opposed state aid, which was contingent on the government taking a 20 percent stake in the company.
IATA says Europe's airlines have yet to see the worst of the traffic downturn caused by the Covid-19 pandemic, with more jobs and heavier losses to come.
Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.
