Volcanic ash cost BA £28 million
The volcanic ash saga is alleged to have cost UK airports owner BAA somewhere in the region of £28 million. The forced closure of London airports from 15 April to 20 April has proved to be a financial disaster for the company and BAA is looking at options to try and recoup this from the regulators and the European Union.
It is believed that the crisis has cost the worldwide aviation industry somewhere in the region of £2 billion at a time when many companies are literally on the edge of bankruptcy anyway. It is hoped that the European Union will act quicker than they have done with regards to the Greek debt debacle otherwise we could see some of the best-known names in the aviation industry fall by the wayside.
There is still anger within the sector with regards to the forced lockdown of skies over Europe when many believe that the potential impact of the volcanic ash cloud had been overdone. While the Civil Aviation Authority is adamant that it chose when and where to lift the ban, there is speculation that British Airways forced the hand of the Civil Aviation Authority by directing a handful of planes to the UK in the hope of forcing it to change its mind.
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