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| AIRLINES. Fuel prices may be frustratingly high, but airline finance chiefs have reason to smile about continuing double-digit falls in insurance premiums since the post-9/11 spike, prompted by a relatively low loss record. Figures from insurance broker Aon for April show premiums falling by 20%. Reductions over the first four months of the year are running at a similar rate. "It's one of the longest soft market periods in the airline insurance market's recent history," says Aon. | |||
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| EADS. Despite hopes that new French president Nicolas Sarkozy will knock heads together in the Franco-German spat over strategic control of the European giant, there was further bad press for EADS, which issued a denial after reports on a French web site suggested chief operating officer Jean-Paul Gut had been "pressured to leave the company" and was claiming €12 million ($16.2 million) compensation. EADS has threatened "legal action" to stop the "campaign of disinformation". | |||
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Source: Flight International