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September 29, 2011

European Airline Associations Outraged By EC's Latest Statement On EU ETS

Commission Says Airlines Will Benefit, Airlines Say 'Not So Much'

European airlines have hit back against the European Commission’s latest comments on aviation’s entry into the European Emissions Trading Scheme (EU ETS), arguing that the comments are grossly misleading. In a statement dated September 26th, Climate Action Commissioner Hedegaard claimed airlines will benefit from $27 billion (€20 billion) worth of free carbon permits during their first decade in the EU ETS, which aviation will join on January 1st, 2012. She refers to these free allowances as “revenues” and suggests airlines could channel these funds into fleet modernization.

George Wright Had Escaped From Prison, Hijacked An Airplane, Sought Asylum In Algeria

Authorities have arrested a man described as a "1970s militant" for the hijacking of an airliner in 1972. He had apparently been living quietly in a small town in Portugal near a beach with a Portuguese wife and two children, now in their 20s.