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20/09/2001
Struggling European airlines could receive EU aid
It has emerged that the European Union is to consider relaxing its rules on state subsidies to the airline industry in light of the increasing financial toll of last Tuesday’s terrorist attacks on the US.
The true financial costs of the attacks is only now starting to emerge, with leading airlines such as British Airways and American Airlines announcing thousands of job losses and with several smaller firms filing for bankruptcy.
In addition, the higher insurance premiums and increased security measures that airlines are now facing will only serve to increase the pressure on those companies who are currently only managing to stay afloat.
Current EU legislation dictates that airlines cannot receive financial help if they have previously received such aid in the past. However, in the light of the $5 billion aid package proposed by President Bush for the US airline industry, the EU has conceded that European firms should not “put at a disadvantage” in comparison to American airlines.
British Airways has confirmed that it is to make 5,200 more staff redundant, following the 1,800 job losses already announced by the company in the past fortnight. (CL)
The true financial costs of the attacks is only now starting to emerge, with leading airlines such as British Airways and American Airlines announcing thousands of job losses and with several smaller firms filing for bankruptcy.
In addition, the higher insurance premiums and increased security measures that airlines are now facing will only serve to increase the pressure on those companies who are currently only managing to stay afloat.
Current EU legislation dictates that airlines cannot receive financial help if they have previously received such aid in the past. However, in the light of the $5 billion aid package proposed by President Bush for the US airline industry, the EU has conceded that European firms should not “put at a disadvantage” in comparison to American airlines.
British Airways has confirmed that it is to make 5,200 more staff redundant, following the 1,800 job losses already announced by the company in the past fortnight. (CL)
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25 September 2001
Ryanair calls for common sense not state aid
Ryanair, one of Europe’s leading budget airlines, has spoken out about the need for smart economic strategies rather than state aid as the solution to the current crisis facing the airline industry.
Ryanair calls for common sense not state aid
Ryanair, one of Europe’s leading budget airlines, has spoken out about the need for smart economic strategies rather than state aid as the solution to the current crisis facing the airline industry.
13 March 2002
British aerospace industry suffers further job losses
The British aerospace industry has been rocked by the news that Smiths Aerospace are to cut another 1200 jobs. The company, which employs 13,000 people in the UK, has stated that the cuts will result in the closure of their Basingstoke electronics plant.
British aerospace industry suffers further job losses
The British aerospace industry has been rocked by the news that Smiths Aerospace are to cut another 1200 jobs. The company, which employs 13,000 people in the UK, has stated that the cuts will result in the closure of their Basingstoke electronics plant.
10 October 2001
Aer Lingus staff told of serious threat to company
Aer Lingus management have sent a letter to staff indicating that the company’s viability is under the most serious threat ever encountered. The Chief Executive of Aer Lingus, Larry Stanley, told staff that the losses faced by the company were “truly staggering”.
Aer Lingus staff told of serious threat to company
Aer Lingus management have sent a letter to staff indicating that the company’s viability is under the most serious threat ever encountered. The Chief Executive of Aer Lingus, Larry Stanley, told staff that the losses faced by the company were “truly staggering”.
11 June 2002
Budget airlines reveal increasing passenger numbers
Budget airline easyJet and potential merger partner Go have unveiled increased passenger numbers for May. On Tuesday easyJet said they carried 898,080 passengers in May, 43% more than in the same period last year, while Go said they carried just over 500,000 passengers in May, 89% more than it did the year before.
Budget airlines reveal increasing passenger numbers
Budget airline easyJet and potential merger partner Go have unveiled increased passenger numbers for May. On Tuesday easyJet said they carried 898,080 passengers in May, 43% more than in the same period last year, while Go said they carried just over 500,000 passengers in May, 89% more than it did the year before.
07 December 2001
Budget airlines report further surge in passenger numbers
Low cost airlines Go and Easyjet have reported another surge in passenger numbers, despite continuing uncertainty within the airline industry world-wide. Easyjet carried 690,928 passengers last month, up 38.
Budget airlines report further surge in passenger numbers
Low cost airlines Go and Easyjet have reported another surge in passenger numbers, despite continuing uncertainty within the airline industry world-wide. Easyjet carried 690,928 passengers last month, up 38.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
