Economic news

EU seeks to make airport slot rule more flexible for airlines

2022.07.12 16:55

EU seeks to make airport slot rule more flexible for airlines
EU seeks to make airport slot rule more flexible for airlines

Budrigannews.com – The European Commission proposed on Tuesday to make the bloc’s “use-it-or-lose-it” airport slot rule more flexible in order to respond to unexpected developments in the future, such as pandemic or war.

Airlines normally have to use 80% of their prescribed airport slots to avoid losing them to rivals, but the EU executive suspended the rule during the COVID-19 crisis and set the threshold at 64% for the 2022 summer season.

The Commission announced on Tuesday that the standard slot use rate of 80% would return on Oct. 30, while also prolonging the possibility of applying the “justified non-use of slots” (JNUS) exemption created during the pandemic.

“Maintaining this tool will give us sufficient flexibility – an insurance – to act in case of a new deterioration of the public health situation, or indeed if we are faced with further fallout from the Russian war in Ukraine,” Transport Commissioner Adina Valean said in a statement.

Under the proposal, which will need approval by the European Parliament and EU governments, airlines would be allowed to use exemptions due to health emergencies, natural disasters or political unrest.

The Commission would be able to lower the use rate if air traffic falls below 80%, compared with 2019 figures, for four consecutive weeks due to COVID-19 or as a result of Russia’s invasion of Ukraine.

The EU executive said it was also proposing measures to mitigate the consequences of the Ukraine war and to restore air connectivity between the EU and Ukraine when possible, including a 16-week recovery period before slot-use requirements become applicable again.

 

 

EU seeks to make airport slot rule more flexible for airlines

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,038.20 1.82%
ethereum
Ethereum (ETH) $ 3,306.23 1.07%
tether
Tether (USDT) $ 0.997922 0.11%
xrp
XRP (XRP) $ 2.13 1.69%
bnb
BNB (BNB) $ 686.87 0.81%
solana
Solana (SOL) $ 183.86 2.59%
dogecoin
Dogecoin (DOGE) $ 0.3096 1.61%
usd-coin
USDC (USDC) $ 0.99911 0.12%
staked-ether
Lido Staked Ether (STETH) $ 3,305.38 0.95%
cardano
Cardano (ADA) $ 0.871137 0.44%
tron
TRON (TRX) $ 0.258615 2.67%
avalanche-2
Avalanche (AVAX) $ 36.58 3.01%
the-open-network
Toncoin (TON) $ 5.70 0.61%
chainlink
Chainlink (LINK) $ 22.30 2.47%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,957.59 0.40%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 0.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,272.26 1.38%
sui
Sui (SUI) $ 4.11 3.05%
bitget-token
Bitget Token (BGB) $ 8.14 11.04%
hedera-hashgraph
Hedera (HBAR) $ 0.27687 4.23%
stellar
Stellar (XLM) $ 0.346397 2.97%
polkadot
Polkadot (DOT) $ 6.84 1.81%
weth
WETH (WETH) $ 3,308.24 1.11%
hyperliquid
Hyperliquid (HYPE) $ 26.95 8.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 441.30 0.92%
leo-token
LEO Token (LEO) $ 9.18 0.18%
uniswap
Uniswap (UNI) $ 13.38 3.85%
litecoin
Litecoin (LTC) $ 100.52 2.09%
pepe
Pepe (PEPE) $ 0.000017 0.80%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,492.15 0.98%
near
NEAR Protocol (NEAR) $ 5.04 0.47%
ethena-usde
Ethena USDe (USDE) $ 0.997421 0.06%
usds
USDS (USDS) $ 0.990534 0.87%
internet-computer
Internet Computer (ICP) $ 10.14 2.65%
aptos
Aptos (APT) $ 8.70 2.69%
aave
Aave (AAVE) $ 322.11 4.24%
crypto-com-chain
Cronos (CRO) $ 0.149431 0.46%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.479923 0.01%
mantle
Mantle (MNT) $ 1.19 0.44%
ethereum-classic
Ethereum Classic (ETC) $ 25.87 0.01%
vechain
VeChain (VET) $ 0.046053 2.71%
render-token
Render (RENDER) $ 7.00 2.40%
monero
Monero (XMR) $ 192.15 0.79%
whitebit
WhiteBIT Coin (WBT) $ 24.49 0.20%
mantra-dao
MANTRA (OM) $ 3.66 1.20%
bittensor
Bittensor (TAO) $ 468.97 0.70%
dai
Dai (DAI) $ 0.997319 0.22%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 1.98%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.37 15.96%
arbitrum
Arbitrum (ARB) $ 0.758614 1.04%