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EU: Iceland Volcano Aftermath Will Cost €1.5 to €2.5 Billion

April 29, 2010 – The volcanic ash that grounded around 100,000 flights over Europe will cost EU airline industry as much as €2.5 billion, according to Siim Kallas, the EU Transport Commissioner.

To help airlines attempt to recoup some of these losses, Kallas said at a news briefing that governments would be able to waive current restrictions on night flights and defer air traffic controller charges.

Kallas also said Europe needs to accelerate its common airspace project, which will streamline the 27 national airspaces to just nine by 2012.

Read more at Airline Industry Today:
Volcanic Ash Airline news – http://airlines.einnews.com/news/volcanic-ash-airlines

Located at http://airlines.einnews.com, Airline Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest airline news from more than 7,000 news sites from around the world. Membership includes news delivery in Email and RSS formats. New members to Airline Industry Today can enjoy a no-obligation, 7-day trial.

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