APEX CALLS FOR QUARTER-TRILLION DOLLARS IN SUPPORT OF GLOBAL AIRLINE INDUSTRY

Date 17.7.2020

In alignment with leading airlines and associations, APEX (Airline Passenger Experience Association) today expanded its call for government action calling for a quarter-trillion dollars (USD $250 billion) of global government support for the airline industry in response to COVID-19.

Fully backing A4A’s proposal for $50 billion in US airline support alongside $150 billion more as proposed by IATA, APEX emphasized that both global airlines and key airline suppliers will need support to weather the COVID-19 crisis. APEX proposed that four out of every five dollars of global government support should go directly to airlines with the remaining one dollar held for airline suppliers.  For the United States alone, an additional $12.5 billion will be required by airline suppliers to successfully weather the COVID-19 crisis.

“Our world must immediately respond to protect its global airline industry with a quarter-trillion dollars in retroactively rebated taxes and emergency loans to its airlines and suppliers,” APEX CEO Dr. Joe Leader stated.  “Airlines need this support for safety, security, and survival against the unprecedented passenger shutdown triggered by COVID-19.”  

APEX alerted its members and worldwide community of the specter of a global recession and potential global depression.  The economic definition of a depression includes any reduction in global GDP of more than 10%.  From the effects of COVID-19, the global airline industry has already passed this critical 10% mark.  To protect airlines, APEX recommended the following actions be taken by governments and organizations globally:

 

$250 Billion in Global Airline Industry Support against COVID-19

  1. Immediate tax rebates by global governments of previously paid airline industry taxes in the form of grants totaling $125 billion
  2. Immediately accessible no-interest medium and long-term loans to provide medium and long-term liquidity totaling $125 billion
  3. World Bank should provide needed liquidity in the form of matching grants and ample loans to governments in need
  4. Amounts allocated to each country should be based approximately on country share of global GDP calculated alongside aviation market share appropriately

APEX’s IFSA (International Flight Services Association) Government Affairs team will work alongside A4A in Washington, A4E in Brussels, and IATA elsewhere where appropriate in full support of their efforts.  Leveraging global offices with team members, APEX’s IFSA Government Affairs team also stands ready to support its airlines and suppliers globally.

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.


TOP Interviews

Another great accomplishment of the Grob G 120TP

Another great accomplishment of the Grob G 120TP

Date 16.3.2021

fl_en|fl_cs

The German Armed Forces have chosen the aircraft G 120TP to train its air force pilots at the Phoenix-Goodyear airport, Arizona. This adds one more air force in the world operating this modern trainer already and just another triumph to the company’s success story.   With more than 150 aircraft delivered to their customers already and […]

We are building an entire ecosystem for aviation and space technology

We are building an entire ecosystem for aviation and space technology

Date 16.3.2021

fl_en|fl_cs

Interview with prof. Michael Valasek, dean of the Faculty of engineering, Czech Technical University (CTU)   Although the Czech Republic has a reputable and long-lasting tradition in engine design, testing and production, the most modern element of the system, the CTU-managed test cell system, was built on a green field. With a significant support of the launch customer, […]

If your head is underwater, it does not matter how deep

If your head is underwater, it does not matter how deep

Date 16.3.2021

fl_en|fl_cs

Interview with Milan Slapak, President & CEO Czech Republic and Slovakia at GE   The COVID pandemic hit the entire aviation industry like a lightning out of the blue sky without any warning signs. Some crises are more predictable than others, just like new trends in radical technologies, lurking on the horizon, or newly forming social-economic […]

We are missing a lead nation

We are missing a lead nation

Date 19.1.2021

fl_en|fl_cs

“Training pilots to fly combat jets is an expensive proposition. A proposal by European Air Chiefs to cut costs by combining forces has made very little progress so far. However, two well established multinational training programs are readily available in North America. Meanwhile, “downloading” and “contractorization” are the prevailing buzzwords, as all Air Forces try […]

Show more

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.

More news

The UK is investing in 14 modern Chinook heavy-lift helicopters

The UK is investing in 14 modern Chinook heavy-lift helicopters

Date 19.5.2021

fl_en|fl_cs

A £1.4-billion contract to modernise the Chinook fleet over the next 10 years has been agreed. The deal will see British forces benefit from 14 of the latest iconic heavy-lift helicopters.   The order for the new aircraft signals the commitment made in the recent Defence Command Paper to invest over £85-billion on military equipment […]

THE THIRD HYDROGEN AVIATION CYCLE

THE THIRD HYDROGEN AVIATION CYCLE

Date 24.5.2021

fl_en|fl_cs

The idea of using hydrogen as fuel in aviation has been around for 75 years. The hydrogen-related research activities repeat themselves in what could be looked upon as cycles. Today we are part of the third hydrogen aviation cycle.    Airbus, NASA, and ZeroAvia – three very different aerospace companies are now implementing the use […]

The freedom to travel must not be restricted to only those who have access to vaccinations

The freedom to travel must not be restricted to only those who have access to vaccinations

Date 26.4.2021

fl_en|fl_cs

IATA Statement on President von der Leyen comments regarding US-EU travel   The International Air Transport Association (IATA) is encouraged by comments of Ursula von der Leyen, President of the European Commission (EC), that the EU will grant unrestricted access to vaccinated travelers from the US. “This is a step in the right direction. It […]

CzechInvest v roce 2020 podpořil několik tisíc podnikatelů

CzechInvest v roce 2020 podpořil několik tisíc podnikatelů

Date 8.4.2021

fl_en|fl_cs

Největší státem pořádaný hackathon v dějinách České republiky, více než dvě stovky vzájemně propojených firem, přes 15 tisíc zodpovězených dotazů na lince 1212 nebo zmapování českých výrobců zdravotnických a osobních ochranných prostředků včetně jejich výrobních kapacit. To jsou jen některé výsledky a úspěchy agentury CzechInvest v roce 2020.  „Přestože v CzechInvestu pracuji už více než 16 let, nikdy […]

Another great accomplishment of the Grob G 120TP

Another great accomplishment of the Grob G 120TP

Date 16.3.2021

fl_en|fl_cs

The German Armed Forces have chosen the aircraft G 120TP to train its air force pilots at the Phoenix-Goodyear airport, Arizona. This adds one more air force in the world operating this modern trainer already and just another triumph to the company’s success story.   With more than 150 aircraft delivered to their customers already and […]

For pilots with both feet on the ground: Czech UAV history

For pilots with both feet on the ground: Czech UAV history

Date 16.3.2021

fl_en|fl_cs

Unmanned aerial vehicles are frequently considered a game changer in the aviation industry. It is not only because of their ability of autonomous flight, but also because they redefine the aviation industry’s map. While the manned planes market is more or less dominated by only a dozen countries with a longstanding aviation tradition, the UAVs are primarily sold by […]

Show more
Subscribe to our magazineRegister now