According to Aviation Week, British aerospace and defense companies are speaking out against Brexit. Airbus, airlines RyanAir and Easy Jet, and the company operating Heathrow airport have all decried Brexit. A report compiled by accountants KPMG suggested that three quarters of British aerospace and defense companies would vote to remain in the EU.
Too bad companies don't get to vote.
Good to hear that a few Brits have their heads screwed on nose to the front.
Showing posts with label Ryanair. Show all posts
Showing posts with label Ryanair. Show all posts
Thursday, March 10, 2016
Tuesday, October 22, 2013
Europeans can over regulate with the best of 'em
According to The Economist, the EU has regulations limiting/forbidding subsidies to airports from local/national governments. You have to wonder why. If cities/provinces/countries want to spend taxpayer money on airports, why not? What business is this of the EU?
The urge to get an airport is understandable. No business is going to locate in a place without air service. You need air service to get your salesman out to customers, your customers in to your plant, your servicemen out to customer sites, and overnight air parcel delivery for crucial spare parts. Manchester Regional Airport NH is a good example, a vast network of businesses in New Hampshire depend upon flying out of Manchester. In fact the place had the chutzpah to re name itself Manchester-Boston Regional a little while ago. I don't know just how much taxpayer money went into that airport, but that new exit for the airport we put on I93 last year wasn't cheap.
Anyhow, the urge to get airports is understandable. And I don't see any reason to regulate it.
But, read on. The subsidized airports have lower landing fees, which attracts low cost carriers like RyanAir. The European legacy carriers mostly fly the big airports, and they see the low cost carriers eating into their business, "stealing passengers" from them.
So, the EU regulations are really crony capitalism, the big boys attempting to squash the upstart newcomers.
I'm sure the Obama administration is watching this one.
The urge to get an airport is understandable. No business is going to locate in a place without air service. You need air service to get your salesman out to customers, your customers in to your plant, your servicemen out to customer sites, and overnight air parcel delivery for crucial spare parts. Manchester Regional Airport NH is a good example, a vast network of businesses in New Hampshire depend upon flying out of Manchester. In fact the place had the chutzpah to re name itself Manchester-Boston Regional a little while ago. I don't know just how much taxpayer money went into that airport, but that new exit for the airport we put on I93 last year wasn't cheap.
Anyhow, the urge to get airports is understandable. And I don't see any reason to regulate it.
But, read on. The subsidized airports have lower landing fees, which attracts low cost carriers like RyanAir. The European legacy carriers mostly fly the big airports, and they see the low cost carriers eating into their business, "stealing passengers" from them.
So, the EU regulations are really crony capitalism, the big boys attempting to squash the upstart newcomers.
I'm sure the Obama administration is watching this one.
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