EU proposes end to tax exemption for jet fuel
Aer Lingus and Ryanair say that instead of a new tariff, governments should support carbon reduction technologies
An end to the long-standing tax exemption for aviation fuel is set to be proposed by the European Commission as part of a major overhaul to the bloc’s energy taxation directive this July, the Business Post can reveal.
The news, which means kerosene jet fuel will become more expensive, has been met with criticism from Irish airlines, which are already reeling from the impact of Covid-19 on the sector.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Ryan-backed Grupo Viva sells stake in airline to finance partner
Cartesian Capital Group takes minority stake in Latin American budget airline while Irelandia remains the majority owner of group
Emerald Airlines set for takeoff with €16m cash in hand
The start-up airline founded by Conor McCarthy was last month confirmed as the operator of Aer Lingus’s regional routes from 2023 onwards on a ten-year contract
Norwegian Air revenues down by 92% in first half of 2021
Covid-19 travel restrictions have forced restructuring at the airline
Covid test provider could earn €9m at Irish airports next year despite vaccine rollout
Despite high vaccine uptake, the operator of Dublin and Cork airports says testing will still be needed for the unvaccinated and in case of a new variant prompting a fresh surge