Jetrader - September/October 2011 - 23

Passengers wait for a ﬂight on 9 May 2010 in Barcelona, Spain, after the volcanic eruption. Performance of the European airlines was thwarted by the effects of external forces, including the Icelandic volcanic ash cloud, which prompted panicked closures of European airspace.

by increasing airfares, which will have an undesirable effect on trafﬁc demand. Airlines have been granted an allowance to emit approximately 213 million tonnes of carbon dioxide within the European Union airspace in 2012. From 2013 onwards, airlines will have access to 208.5 million tonnes of carbon dioxide permits each

year. Based on these ﬁgures, it has been calculated that airlines could potentially face an allowance shortfall of 88.5 million tonnes, with a cost implication of up to €1.4 billion ($1.9 billion) next year. Opposition to the EU inclusion of the whole industry in the ETS has been mounting, especially from non-EU carriers, who feel

that the European Union has no right to impose such penalties on foreign airlines. The Air Transport Association of America (ATA) has legally challenged the ETS at the European Court of Justice, and China has begun upping its campaign following direct talks with the European Community. In summary, the outlook for European commercial aviation is a little bleak. With fuel casting signiﬁcant grey shadows of doubt over the region, a lagging and slowing economic recovery, a rapid path towards network saturation, alienating environmental policies, pressure from within and international offensives, the competitive landscape will undoubtedly become more aggressive as a true ﬁght for survival begins. The question remains: Will it be survival of the ﬁttest or of the cheapest? Polis D. Polycarpou is vice president - aviation division, DVB Bank SE.

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Jetrader - September/October 2011

Table of Contents for the Digital Edition of Jetrader - September/October 2011

A Message from the President
Calendar/News
Q&A: Henri Courpron
State of the Regions: Europe
Paris Air Show Review
Thank You Sponsors
All About Growth
Predictive Maintenance in Aging Aircraft Systems
Have Faith
Parts on Demand
Culture of Accountability
Aircraft Appraisals
From the ISTAT Foundation
Aviation History
Advertiser.com / Advertiser Index
Jetrader - September/October 2011 - Cover1
Jetrader - September/October 2011 - cover2
Jetrader - September/October 2011 - 3
Jetrader - September/October 2011 - 4
Jetrader - September/October 2011 - A Message from the President
Jetrader - September/October 2011 - 6
Jetrader - September/October 2011 - 7
Jetrader - September/October 2011 - 8
Jetrader - September/October 2011 - Calendar/News
Jetrader - September/October 2011 - 10
Jetrader - September/October 2011 - Q&A: Henri Courpron
Jetrader - September/October 2011 - 12
Jetrader - September/October 2011 - 13
Jetrader - September/October 2011 - 14
Jetrader - September/October 2011 - 15
Jetrader - September/October 2011 - 16
Jetrader - September/October 2011 - 17
Jetrader - September/October 2011 - State of the Regions: Europe
Jetrader - September/October 2011 - 19
Jetrader - September/October 2011 - 20
Jetrader - September/October 2011 - 21
Jetrader - September/October 2011 - 22
Jetrader - September/October 2011 - 23
Jetrader - September/October 2011 - Paris Air Show Review
Jetrader - September/October 2011 - 25
Jetrader - September/October 2011 - 26
Jetrader - September/October 2011 - 27
Jetrader - September/October 2011 - 28
Jetrader - September/October 2011 - 29
Jetrader - September/October 2011 - 30
Jetrader - September/October 2011 - 31
Jetrader - September/October 2011 - 32
Jetrader - September/October 2011 - Thank You Sponsors
Jetrader - September/October 2011 - All About Growth
Jetrader - September/October 2011 - 35
Jetrader - September/October 2011 - 36
Jetrader - September/October 2011 - 37
Jetrader - September/October 2011 - Predictive Maintenance in Aging Aircraft Systems
Jetrader - September/October 2011 - 39
Jetrader - September/October 2011 - 40
Jetrader - September/October 2011 - 41
Jetrader - September/October 2011 - 42
Jetrader - September/October 2011 - Have Faith
Jetrader - September/October 2011 - 44
Jetrader - September/October 2011 - Parts on Demand
Jetrader - September/October 2011 - 46
Jetrader - September/October 2011 - Culture of Accountability
Jetrader - September/October 2011 - 48
Jetrader - September/October 2011 - Aircraft Appraisals
Jetrader - September/October 2011 - 50
Jetrader - September/October 2011 - 51
Jetrader - September/October 2011 - 52
Jetrader - September/October 2011 - From the ISTAT Foundation
Jetrader - September/October 2011 - Aviation History
Jetrader - September/October 2011 - 55
Jetrader - September/October 2011 - 56
Jetrader - September/October 2011 - Advertiser.com / Advertiser Index
Jetrader - September/October 2011 - 58
Jetrader - September/October 2011 - cover3
Jetrader - September/October 2011 - cover4
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