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Article: IATA blasts European Commission.(AIR TRANSPORT BRIEFING)(International Air Transport Association)
- Article from:
- Interavia Business & Technology
- Article date:
- March 22, 2005
CopyrightCOPYRIGHT 2005 Aerospace Media Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"The annual cost that the European Commission (EC) inflicts on aviation is 5.9 billion [euro]. This is the legacy of neglect left by the previous Commission and it is an enormous burden on the competitiveness of Europe's airlines," said Giovanni Bisignani, Director General and CEO of the International Air Transport Association (IATA) in a speech to the European Aviation Club. "If we don't have urgent action to restore a balanced playing field, the European industry will be damaged, not by competition, but by inefficient European systems," said Bisignani.
IATA breaks down the cost burden as follows:
* 600 million [euro] for new regulations on compensation ...