European aviation sector fears emissions-reduction rules could clip its wings
1 year, 11 months ago

European aviation sector fears emissions-reduction rules could clip its wings

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The ‘Fit for 55’ package sets out an initial goal of reducing emissions by 55 per cent in 2030 compared with the 1990 level Paris, France: European airlines fear losing out to rivals based outside the EU that can ignore the bloc’s emissions-reduction rules to become carbon neutral by 2050. “The European airline industry has to live with the fact that it’s cheaper to bypass environmental reduction ideas if you hop outside of Europe,” Carsten Spohr, CEO of German carrier Lufthansa, said at the Airlines for Europe aviation summit in Brussels on Wednesday. Saudi Arabia plans to make Riyadh a gigantic regional aviation hub like Dubai while Istanbul airport, the main hub of Turkish Airlines, has already surpassed London’s Heathrow and Paris’s Charles de Gaulle by handling 64.3 million passengers last year. Augustin de Romanet, head of France’s ADP airports group, said a major shift east “would make the European companies bankrupt”, though he added: “I think that Europe will eventually avoid this distorted competition”.

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