Schengen Visa News

Conflict in Ukraine Won’t Affect EU Travel Upward Trends, Airbus CEO Says

Airbus said that travel activity in Europe will increase despite the conflict in Ukraine.

According to Airbus CEO Guillaume Faury, the 27-nation bloc will see a spike in travel this summer because the conflict in the eastern part of the continent will not affect internal European markets, TheSchengen.com reports.

“I would say yes, it is very likely that the majority of world travel will recover as we expect by the end of the pandemic,” Faury said, while also acknowledging that travel in Eastern Europe could come under pressure in the coming months.

Like Faury, most industry representatives believe that the EU will see an increase in travel activity and that 2022 will be a big year for travel recovery, especially compared to the statistics of 2020, when the industry was hardest hit by the COVID-19 pandemic.

>> Invasion of Ukraine: These European countries have banned Russian Airlines from their airspace

According to analyst Sheila Cahyaoglu, the majority of European air traffic is led by Western Europe, which remains unaffected by the war unless Russia attacks any of the NATO territories. In addition, Airbus and rival Boeing have addressed the impact of sanctions on their plans to increase aircraft production this year, as sanctions against Russia so far have not affected the country’s ability to export aluminum, steel or titanium. which are essential for aircraft production.

“The security of supply is guaranteed independently of sources that could be challenged by Russia,” Faury added, noting that Airbus is not under supply chain stresses that may occur in Eastern Europe.

>> The European Union supports 300 transport workers in France with 3.7 million euros

Securing the supply chain will be critical for Airbus as it ramps up production this year in Europe and the US due to strong demand for the A320 and A220 – both aircraft used to carry passengers, which are being built in Alabama, US.

The CEO of Airbus expects production rates for both types of aircraft to rise by at least 20 percent in the next three years. The company is also investing in developing hydrogen-powered aircraft to reduce gas emissions and offer a sustainable travel alternative.

Recently, Airbus announced plans to work with CFM International, the joint venture owned by GE and Safran, on hydrogen-powered aircraft. Commenting on the matter, Faury said the company could put its first hydrogen option into service by 2035.

>> The European Union has met its target for renewable energy for transport for 2020, according to data

Schengen Visa

Schengen Countries

Schengen Agreement

Schengen News

Source: schengenvisainfo.com

Enable Notifications    OK No