24 May 2010 21:06 [Source: ICIS news]
HOUSTON (ICIS news)--European aviation officials on Monday recommended new approaches that they hoped would limit disruptions caused by the volcanic ash that stifled air travel and suppressed jet fuel prices.
The European Union (EU) - in association with Eurocontrol and the European Aviation Safety Agency (EASA) - made suggestions that would limit flight restrictions to prevent another widespread ban on airway traffic and the economic ills that ensued.
The ash cloud from ?xml:namespace>
More than 100,000 flights were cancelled through
“The multi-cancelling of flights cut back consumption [of jet fuel] on both sides of the ocean,” a
As airports shut down and demand for jet fuel collapsed, prices fell below $2.00/gal for the first time in three months.
Airlines were flooded with excess product as air travel dwindled. Some companies went so far as to cancel deliveries of jet fuel, suppressing demand and causing prices to fall as low as $1.93/gal, according to data from global chemical market intelligence service ICIS pricing.
EASA produced new airspace charts to “help minimise airspace closures in the even of volcanic ash reaching
The organisations agreed to designate four air safety zones - each zone based on the levels of ash concentration – and to limit the no-fly zones.
In addition, the EU commission said it planned to set up a crisis cell for improved coordination in the case of extraordinary aviation events.
Reporting by Sheena Martin
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|