Saturday, February 18, 2017

Norwegian Authorities Are Continuously Assessing How These Rights May Best Be Secured In The Negotiations With Russia, It Wrote In A Statement.

Now Norwegian Air wants to fly elsewhere in Asia and its executives met Norway's foreign minister Boerge Brende on Tuesday to see if the deal could be replaced. "We have our planes ready to go and we want to start flying these direct routes to Asia as soon as possible, but we can't because of this incredibly outdated deal," its spokeswoman said. "Most of these Asian routes will never happen if we are not allowed to fly over Siberia. It would be so much more expensive that we haven't even bothered to do the maths." Norway's transport ministry said it plans to bring up the case during the first half of 2017. "Norwegian authorities are continuously assessing how these rights may best be secured in the negotiations with Russia," it wrote in a statement. Scandinavian Airlines said it would not stand in the way of a new deal, while Russia's flights authority did not immediately comment. "We would very much like to see free competition over Siberia, and have lobbied for this on several occasions", an SAS spokesman said. ADVERTISEMENT Norwegian Air, which has previously said it would be interested in flying direct to China, Japan, Hong Kong, India and Pakistan, hopes a new deal will open up the route to other airlines and aims to take a larger share of the Asia-to-Europe market, helped by its ability to offer cheaper airfares. And with an increasing number of flights between the U.S and Europe, Norwegian Air believes it can create a new "highway" from the U.S. to Asia via Norway's capital. "Right now we are stopped by this outdated deal, but we hope that will change," the spokeswoman said, adding it would also consider direct routes to several Russian cities.

For the original version including any supplementary images or video, visit http://uk.mobile.reuters.com/article/amp/idUKKBN15O2JO

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Taiwan's Central News Agency said it was the worst road accident for 30 years. "The passengers are all Taiwanese and mostly older people," said Chen Chih-min from Taipei City fire department, which confirmed the crashed vehicle was a sightseeing tour bus. The bus carrying 44 people was left flipped over on the side of the road and around 100 rescuers rushed to the scene. Victims' bodies were laid out at the crash site covered in white and blue cloths, and two cranes attempted to lift the toppled bus. Taiwan President Tsai Ing-wen and Premier Lin Chuan gave their condolences. Tsai said authorities must "make all efforts to save the injured people and properly handle the aftermath". - Safety questions - The bus was reported to be 19 years old and belonged to an agency that runs tours across Taiwan. Responding to speculation about the condition of the bus and whether it was speeding, Taipei Deputy Mayor Teng Chia-chi said police were investigating and would "report when the cause is clarified". Teng confirmed the passengers had been visiting Wuling Farm in Taichung, which is famous for cherry blossoms at this time of year. It is the worst highway accident since 1986, when a bus fell into a river in central Taiwan, killing 42, CNA reported. An investigation into last year's fatal bus inferno outside Taipei found the driver cheapest flights to las vegas from charlotte nc had intentionally set fire to it in a suicide bid before it veered into a crash barrier.

It comes after Ryanair reported a 17% drop in ticket prices to 33 euro per passengers in the three months to the end of December,and said it expects prices to fall further into 2018. "Our prices are falling faster than we initially planned, but this is good news for customers," Ryanair said. The airline blamed downward price pressure on Brexit uncertainty, a weaker pound, and the drop in demand for destinations like Turkey, Egypt and North Africa, all of which have made headlines for terrorist attacks in recent years. Airlines are now pulling back from those regions to focus on the Western Mediterranean, Spain and Portugal, where competition is getting fierce. Analysts are now forecasting other carriers could follow suit and slash prices. Robin Byde, a transport analyst at Cantor Fitzgerald, said: "There is too much capacity in the European short haul market and both Ryanair and easyJet have ambitious growth plans. "Both have signalled weaker yields, and are, in part, driving this discounting." Numis Securities analyst Wyn Ellis said the relative rate of capacity growth - or the number of seats and flights on offer - is "significantly higher" than underlying demand growth. Demand across Europe is growing between 4% to 5%, while capacity growth - most of which is concentrated in the Western Mediterranean - is rising by 6% to 7%. Meanwhile, cheap fuel prices are enabling further price cuts. "That's the overall issue and it's affecting all airlines in European short haul. Too much capacity chasing too little demand in a relatively low cost fuel environment," Mr Ellis said.

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