EoW September 2007

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Jobs, work and more!
Anything that leads to an increase in work
and jobs – directly or otherwise – has to be
good news for the wire and cable industry.
Whilst in America the ISM (Institute for Supply
Management) factory index grew during June
at the fatest pace in more than a year – a clear
indicator of growth in the American economy – it
is the‘open skies’agreement between the US and
Europe that is also likely to boost the coffers and
put thousands of workers into employment.
The first phase comes into effect next year and,
in essence, should provide a massive boost to
transatlantic business and travellers.
In a nutshell the agreement opens up air travel
between the US and Europe, increasing compe-
tition and decreasing fares.
All restrictions are to be lifted on landing rights
for European airlines in the US and vice versa.
US and European aircraft will be able to fly
into each other’s airports and proceed to other
destinations without having to return to the
home hub, eliminating the limitation on the
number of flight destinations.
London’s Heathrow – the main hub of British
Airways – may no longer restrict landing rights
to only two British and two US airlines. This
effectively ends the domination by British
Airways and Virgin Atlantic – and by the US
carriers American Airlines and United Airlines
– of the lucrative route between London
Heathrow and New York’s John F Kennedy
aiport. Landing rights are to be awarded by
competitive bidding.
European Union nationals may now hold more
than 50% ownership of a US airline. Landing
rights in the US are granted to any airline owned
or controlled by EU citizens registered in non-EU
countries, including 18 countries in Africa.
European airlines may now, for the first time,
participate in the so-called ‘Fly America’
programme and carry US government officials
– with the exception of the Department of
Defense – and operate certain cargo flights.
All this is expected to create around 80,000 jobs
on both sides of the Atlantic while the cargo
transportation market will also see an upsurge
in freight haulage, creating a further 5,000-
9,000 jobs.
David Bell
The International Magazine
for the Wire and Cable Industries
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