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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”.
26 September 2012
Local Firms Urged To Bid For Business From International Aid Bodies
Local companies, both large and small, are being encouraged and assisted by Invest Northern Ireland to consider the opportunities presented by bidding for substantial business from international aid bodies such as the United Nations, World Bank, the European Union and Regional Development Banks.
Local Firms Urged To Bid For Business From International Aid Bodies
Local companies, both large and small, are being encouraged and assisted by Invest Northern Ireland to consider the opportunities presented by bidding for substantial business from international aid bodies such as the United Nations, World Bank, the European Union and Regional Development Banks.
03 August 2011
Irish Airfare Levy For Spring Review
The Government has decided to retain the €3 Travel Tax pending a further review next spring. As part of the Jobs Initiative, it was announced that the €3 Travel Tax would be suspended subject to a deal being reached with airlines to re-instate cancelled routes and restore lost capacity.
Irish Airfare Levy For Spring Review
The Government has decided to retain the €3 Travel Tax pending a further review next spring. As part of the Jobs Initiative, it was announced that the €3 Travel Tax would be suspended subject to a deal being reached with airlines to re-instate cancelled routes and restore lost capacity.
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Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
