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A weaker economic outlook in Europe is impacting the European travel industry. Recently Eurocontrol published its seven-year forecast edition (Spring 2024) incorporating the latest flight trends and including a comprehensive update of the forecast inputs. The downward revision in the economic forecasts for 2024 at the European level resulted in a flight forecast that has been revised slightly downwards until 2027 and only reaches 100 by mid 2025. In the "high scenario" Europe will have 20% flights by 2030. Interesting figures that require a nice correlation with the -55% net zero target that Europe has been envisioning. Read the full Eurocontrol report here; https://loom.ly/bXSgYhc #aviation #eurocontrol #forecast #flying #netzero #economic outlook
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In European elections week, and as transport and connectivity are the heart of European projects, ERA would like to stress that air connectivity is essential to ensure equal opportunities to all European citizens regardless of their territories, developing regional economies and local communities. Regional airlines provide air services to all territories of Europe, both for passengers and cargo. Regional airlines cannot be left behind and their specificities must be considered to ensure European citizens continue to enjoy the freedom to fly and access to goods and services even in remote destinations, at affordable prices. We support the decarbonisation of air transport through the development and implementation of SAF and the progress of zero-emission technologies on short-haul routes, which need to be politically and financially supported. #ThinkRegional – so no region, business or citizen is left behind
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Airlines’ profitability hinges on collaborative efforts of industry stakeholders and the Union government Check out here for full story : https://lnkd.in/gWBrfXKB #IndianAviation #Aviation2024 #IATA #AirlineProfits #AviationIndustry #AviationNews #AirTransport #TravelIndustry #AviationGrowth #AirlineEconomics #GlobalAviation #AviationForecast #bizzbuzz #bizzbuzznews
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New 𝗦𝘁𝗮𝘁𝗲 𝗔𝗶𝗱 𝗕𝗹𝗼𝗴 Post by Phedon Nicolaides is 𝗢𝗨𝗧 𝗡𝗢𝗪! 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗮 𝗖𝗿𝗶𝘁𝗲𝗿𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗖𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗦𝘁𝗮𝘁𝗲 𝗔𝗶𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 🔰 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 When the state has a realistic prospect of making profit, its financial transactions with third parties do not constitute State aid. The absence of profit is a strong indicator of the presence of State aid but not necessarily its compatibility with the internal market. For State aid to be compatible with the internal market it must, among other things, […] This Blog is about: ‣𝗠𝗮𝗿𝗸𝗲𝘁 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝗼𝗽𝗲𝗿𝗮𝘁𝗼𝗿 𝘁𝗲𝘀𝘁 ‣𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗮𝗶𝗿𝗽𝗼𝗿𝘁 ‣𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝟮𝟬𝟭𝟰 𝗮𝘃𝗶𝗮𝘁𝗶𝗼𝗻 𝗴𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 ‣𝗨𝘀𝗲 𝗼𝗳 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗮 𝗰𝗿𝗶𝘁𝗲𝗿𝗶𝗼𝗻 𝗼𝗳 𝗰𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗶𝗹𝗶𝘁𝘆 ‣𝗧𝗵𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗳 𝗦𝘁𝗮𝘁𝗲 𝗮𝗶𝗱 𝘁𝗼 𝗮𝗶𝗿𝗽𝗼𝗿𝘁𝘀 𝗮𝗻𝗱 𝗮𝗶𝗿𝗹𝗶𝗻𝗲𝘀 Check out the full 𝗕𝗟𝗢𝗚 Post by following the 𝗟𝗜𝗡𝗞 below ! 👉 https://lnkd.in/ex4cBaPq #stateaid #internalmarket #market #SABlog #economy #Stateaidlaw
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European Commission Boosts SAS with €1.3 Billion Aid: A Bright Future Ahead! 🚀 Big News for Scandinavian Airlines (SAS)! 🌟 The European Commission has given the green light for up to €1.3 billion ($1.4 billion) in state aid to help SAS soar to new heights! This incredible support will ensure SAS's long-term viability and enhance market stability. Facing challenges from the COVID-19 pandemic and recent insolvency proceedings, SAS is now on a strong path to recovery. With additional backing from Sweden and Denmark and SAS's own significant contribution of €4.1 billion ($4.4 billion), the future looks bright! Margrethe Vestager, Executive Vice-President for competition policy, emphasizes that this aid will maintain crucial air connectivity in Scandinavia, benefiting travelers across Europe. Here's to a new chapter of growth and success for SAS! 🌍✈️ #aviation #aircraft #boeing #airbus #mro #airline #overhaul #FrontierAirlines #TravelDeals #AviationNews #AirlineIndustry #TravelMore #FlightDeals #LowCostTravel #ExploreMore #MRO #Wanderlust #CheapFlights #EngineAviation #BusinessTravel #VacationMode #Traveling #AirportLife #JetSetter
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The 5th and last #FlyNetZero #roadmap discusses the key directions in which #policy needs to develop to play its part in enabling the transition by presenting: ☑️ The multilateral policy agenda & the role of policy as an enabler ☑️ Foundational policies for creating new markets ☑️ Policies for building capacity Once capacity has been built, the policy makers’ role shifts into addressing potential market failures. By then, private actors should also be able to ensure that the system runs smoothly. #aviation #airlines #sustainability
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Net Profit / Loss of the Global Aviation Industry 2019-2024 #TRENDS #AviationIndustry #GlobalAviation #AviationStats #IndustryInsights #Economic #AviationEconomics #IndustryAnalysis #AirlineIndustry #AviationTrends
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Insightful analysis by #India’s “BNN Breaking News” publication about the successful rise and transformational capacity of large domestic corporations in #Ethiopia, citing as an example last week’s agreement between Ethiopian Airlines and Ovid Real Estate. “The collaboration between Ethiopian Airlines and Ovid Real Estate is not just a transaction; it's a statement about the potential of Ethiopian-owned companies to make substantial contributions to the country's economic landscape.” Full story: https://lnkd.in/eqcv3vSU BNN Breaking
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Norway's Avinor struggling to recoup passengers; investments to be streamlined. (Subscriber report, short abstract free to read). https://lnkd.in/eG3Skevu #avinor #norway #aviation #airports
Norway’s Avinor struggles to regain passengers and experiences continuing financial difficulties
centreforaviation.com
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Mr Ndume, in his lead debate, underscored the importance of airport infrastructure as a catalyst for economic growth, foreign direct investment, and socio-economic development. He stressed the urgent need to upgrade the airport to an internationally operated facility in the North-East, with equipment like the international runways and tarmacs, among others. By Isah Aliyu Chiroma. https://lnkd.in/dPD4VVBE
Upgrade Maiduguri Airport to International Standard- Senate Urge FG -
https://thecitizenreports.com
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