The Air Transport Association of America (ATA) and the Regional Airline Association have expressed their delight over the US Court of Appeals ruling on the motions for a stay of the auction rules filed by the Air Transport Association, Continental Airlines and the Port Authority of New York and New Jersey. The order prohibits the Department of Transportation from auctioning slots at the three major New York airports unless and until the court formally considers and rules on the merits of the case.
“We are pleased that the US Court of Appeals have recognised the irreparable harm that auctions would have caused passengers. The Court’s ruling puts a firm halt to the Department of Transportation’s ill-advised, illogical auction scheme,” said ATA president and CEO James May. “This is a clear win for passengers, as the Department was stopped from proceeding with an ideological experiment that would have resulted in higher fares, less service and a confiscation of airline property.”
“RAA’s member airlines – and perhaps more importantly, the 75% of US communities that rely on regional airlines exclusively for their scheduled airline service – greatly appreciate the ruling by the US Court of Appeals temporarily halting the Bush Administration’s scheme to auction off access to New York’s airports,” said RAA president Roger Cohen. “Last week we called the DOT auction ‘eBay on psychedelics’, and stretching that metaphor, the court’s sound judgement saved the travelling public from a ‘real bad trip’.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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