Europe faces a systemic jet-fuel shortage in three weeks’ time if the Strait of Hormuz remains restricted until then, a regional airport trade association warns.
A fuel crunch would trigger severe disruptions to airports and airlines, significantly hurting the continent’s economy, ACI Europe wrote in a letter Thursday to two European Union commissioners.
“If the passage through the Strait of Hormuz does not resume in any significant and stable way within the next 3 weeks, systemic jet fuel shortage is set to become a reality for the EU,” the group said in the letter obtained by Bloomberg News.
The Iran war is slamming the global aviation industry through higher oil prices, closed airspaces and restricted flight routes. Many airlines have responded by raising fuel surcharge…
more
Source www.rigzone.com
Terms of use and third-party services. More here.