Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

EU-based Airlines Form New Alliance To Defend Interests

Wed, 20th Jan 2016 17:48

AMSTERDAM (Alliance News) - Five major European airline groups launched a new alliance on Wednesday aimed at promoting their interests when dealing with national and EU regulators, with their sector facing fierce international competition.

Aviation firms employ almost two million people in the EU and are worth EUR110 billion to the bloc's economy, according to the European Commission, the bloc's executive.

But competitors such as Emirates Airline, Qatar Airways and Etihad Airways have been gaining ground in the European market.

The new lobby group, Airlines for Europe (A4E), brings together Air France-KLM, easyjet, International Airlines Group, Lufthansa Group and Ryanair, and plans to expand its membership during the coming months.

"For the first time, low-cost and network carriers are creating an association to support the adoption of a new European aviation strategy," the heads of the five corporations said in a joint statement.

A4E said it would work with the commission on measures it had unveiled last month to boost the bloc's aviation sector.

The airlines aim to "increase their competitiveness and result in lower fares and more choice for passengers," by tackling industry issues such as "large-scale airport monopolies, high charges, taxation and inefficiencies," the statement said.

The group also presented its first study on Wednesday, showing that airport charges at the EU's 21 largest airports had increased by 80% in the last 10 years, while flight costs dropped 20% over the same period.

"While the airlines have reduced their fares, EU passengers continue to be fleeced by excessive airport charges," the group's chief executives said, urging the bloc to "take action lowering the cost of the EU's airports by ensuring that monopoly airports are effectively regulated."

Copyright dpa

Related Shares

More News
Today 09:53

Ryanair air traffic up in April; Wizz Air's load factor dips

(Alliance News) - Ryanair Holdings PLC and Wizz Air Holdings PLC on Thursday released flight figures for the month of April, with both reporting a sli...

Today 07:48

LONDON BRIEFING: Shell unveils USD3.5 billion buyback; Melrose bullish

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, after the Federal Reserve left rates unmoved and Chair Jerome Powell came ac...

8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

4 Apr 2024 14:39

RBC lifts forecasts for Ryanair, keeps at 'outperform'

(Sharecast News) - RBC Capital Markets has lifted its target price for budget airline Ryanair after upping its forecasts on the back of lower fuel cos...

3 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks down over US Fed rates cuts speculation

(Alliance News) - Stock prices in London were down at midday on Wednesday, as investors showed caution over the US interest rate cuts outlook, with co...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.