Eurocontrol postpones payment of 1.1 billion of shares due by the airlines
Restrictions decided by States around the world have led to -90% of air traffic
In order to "support the aeronautical sector to deal with the sudden and significant cash crisis" caused by the coronavirus emergency, the 43 countries affiliated to Eurocontrol have decided to allow airlines to postpone the payment of EUR 1.1 billions of fees due for the use of European skies.
The unprecedented restrictions -AVIONEWS reports- decided by many States around the world have led to a collapse of 90% of air traffic.
In return, "this dramatic reduction in operations will probably continue for several weeks", according to Eurocontrol, the intergovernmental, civil and military organization involving 41 European States and neighboring countries, whose main purpose is to develop and maintain an efficient air traffic control at European level, supporting in this commitment the national civil aviation authorities (in Italy ENAC -Ed notice), the bodies and subjects providing the traffic control services (in Italy Enav and AMI, Ed Notice), the users of the civil and military airspace, the industrial sector, professional organizations and the competent European institutions.
Carriers that use the airspace of countries affiliated to the organization have to pay a fee every month to finance traffic control services. Eurocontrol -AVIONEWS reports it- has decided to delay payment in November of the EUR 518 million due for the month of February, and to allow airlines to also postpone the advance payments on the parts of March, April to May, for a total of EUR 1.1 bn.
AVIONEWS - World Aeronautical Press Agency