| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: May 25, 2011 - 6:44 AM


Markets: Volcanic ash grounds 500 of Europe's 29,000 daily flights; Eurocontrol says ash “very real risk”; Ryanair says no safety threat
By Finfacts Team
May 24, 2011 - 5:05 PM

Email this article
 Printer friendly page

Ryanair, Aer Lingus, British Airways, Air France-KLM Group and up to a dozen other carriers canceled about 500 flights today due to the volcanic ash moving south from Iceland. 

According to the Volcanic Ash Advisory Centre (VAAC) in London, today areas of high ash concentration were over northern parts of the United Kingdom. As a result, approximately 500 flights were cancelled from the approximately 29,000 that would have been expected today across Europe.

According to the VAAC predictions, there is a strong possibility that the ash cloud may impact parts of Denmark, southern Norway and south-west Sweden by tomorrow. This would have some impact on flights.

However, Eurocontrol, the European air traffic centre, says because of the new procedures in place and the predicted movement of the ash cloud over the coming days, the actual impact on flights is expected to be relatively low.

Bloomberg says Brian Flynn, operations chief at Eurocontrol, said the dust presents a “very real risk,” with the VAAC predicting dense ash will drift over most of Scotland today, mainly at lower altitudes, extending toward Norway, Denmark and Sweden. Midnight forecasts show ash stretching across Scotland and northern England almost as far as the Netherlands.

Ryanair said despite Glasgow Prestwick and Edinburgh Airports being outside the "red zone" on the most recent UK Met Office charts, the UK Civil Authority (CAA) have decided that these charts are wrong and have closed the airspace.

Earlier today Ryanair confirmed that it operated a one hour verification flight up to 41,000 feet in Scottish airspace this morning. The aircraft took off from Glasgow Prestwick, flew to Inverness, on to Aberdeen and down to Edinburgh - - all of which according to the UK Met Office charts were in the “red zone” of “high ash concentration.”

Ryanair said during the flight there was no visible volcanic ash cloud or any other presence of volcanic ash and the post flight inspection revealed no evidence of volcanic ash on the airframe, wings or engines. The absence of any volcanic ash in the atmosphere supports Ryanair said its stated view that there is no safety threat to aircraft in this mythical “red zone” which is another misguided invention by the UK Met. Office and the Civil Aviation Authority (CAA).

Ryanair says it has also received written confirmation from both its airframe and engine manufacturers that it is safe to operate in these so called “red zones” and, in any event, Ryanair’s verification flight this morning confirms that the “red zone” over Scotland is non-existent.

Ryanair has renewed its calls on both the UK CAA and the IAA to reopen the airspace over Scotland and allow airlines to operate flights safely following the verification flight

UK Transport Secretary rubbishes Ryanair's claims that its aircraft flew through Scottish red zone:

Maybe there should be self-regulation similar to banking during the bubble.

Bill Gross on Europe's Debt Woes: Bill Gross, Chief Investment Officer at PIMCO joined CNBC to discuss the Eurozone's debt woes:

US Markets

In New York Tuesday, the Dow rose 11 points or 0.09% to 12,392.

The S&P 500 rose 0.15% and the Nasdaq slipped 0.13%.

Live US Indices

European Markets

The pan-European Dow Jones Stoxx 600 rose 0.28% Tuesday.

In Dublin the ISEQ has climbed 0.58%.

Greencore is down 3.325 after reporting interim results today; Dragon Oil has gained 5.45% IFG is down 2.63%.

European benchmarks

Irish share prices

Euribor Interest Rates

Commodities

Crude oil for June delivery is currently trading on the Chicago York Mercantile Exchange (CME/Nymex) at $99.67 per barrel up $1.97 from Monday's close. In London, Brent for June delivery is trading on the International Commodities Exchange at $112.40.

Currencies

The euro is trading at $1.4125 and at £0.8726.

Gold

Gold is trading at $1,525.00 per oz in New York.

The Finfacts Gold Page

Time to Link Out of LinkedIn?


© Copyright 2011 by Finfacts.com

Top of Page

International
Latest Headlines
Wednesday newspaper review: December 17, 2014
Tuesday newspaper review: December 16, 2014
Monday Newspaper Review - Irish Business News and International Stories - - December 08, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 28, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 27, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 25, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 21, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 20, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 19, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 18, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 17, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 14, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 13, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 12, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 11, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 06, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 04, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 03, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 31, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 30, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 29, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 28, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 24, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 22, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 21, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 20, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 17, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 16, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 15, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 13, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 09, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 08, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 07, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 06, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 02, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 01, 2014
Monday Newspaper Review - Irish Business News and International Stories - - September 29, 2014
Friday Newspaper Review - Irish Business News and International Stories - - September 26, 2014