What Happened
Aviation Sector Faces Fuel Price Surge And Potential Shortages
As fuel prices surge due to the Iran war, European policymakers are assessing the immediate consequences on the aviation sector and looking to address jet fuel costs and possible shortages. Legislative adjustments are taking place against the backdrop of longer-term policy deliberations that will shape the aviation sector. The European Commission’s air transport policy and the International Civil Aviation Organization’s (ICAO) initiatives are key to this development. This article was first reported by Aviation Week.