EU air traffic control deal is only a 'baby step', say industry and officials [Yahoo! Finance]

EASYJET PLC S/ADR (ESYJY)

NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx

an industry dogged by an increase in flight delays, strikes, taxes and sustainability pressure, airlines and European officials said on Wednesday. The European Commission has been trying to pass the ambitious "Single European Sky" reform for the past 20 years, aiming to increase capacity, lower costs and make air travel more efficient thus helping to reduce fuel consumption and environmental impact. A provisional agreement between member states and the EU Parliament in early March heavily waters down the Commission's proposal, with a bloc of countries pushing to increase taxes as an alternative way to meet Europe's green transition goals. Both legislative bodies still need to give the final sign off on the new rules. "We had an ambitious proposal...Member states do not have the same sense of urgency, it's sad but true but we've only achieved a baby step and we feel as the Commission that this cannot be the end of the reform but maybe the situation needs to get worse before membe Show less Read more

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EU air traffic control deal is only a 'baby step', say industry and officials [Yahoo! Finance]

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