Pilots Pursue Mobil for Business Losses.
Published:
19 January 2000 y., Wednesday
The Aircraft Owners and Pilots Association of Australia (AOPAA) said on Monday interim compensation for business losses due to the aviation fuel contamination crisis could cost Mobil Oil Australia Ltd. around A$1.2 million (US$792,000) a day.
AOPAA general manager Mike Hart said a meeting would be held with Mobil, a unit of Exxon Mobil Corp. (NYSE:XOM - news), on Friday to try and reach agreement on business assistance packages.
Around 5,000 light aircraft remained grounded on Monday by the contaminated fuel, with a test for the contaminant not expected to be finalized until the middle of this week.
The association has estimated the cost to the economy from the contamination problem at A$50 million a month. Mobil has only agreed to pay the cost of replacing fuel and checking and cleaning aircraft fuel systems to meet Civil Aviation Safety Authority requirements.
Sydney legal firm Ferrier & Associates is collecting information to launch a representative action against Mobil for business losses. Lawyer Spencer Ferrier is also treasurer of AOPAA. The Australian Airports Association said last Friday it was seeking advice on whether airports had justifiable legal claims against Mobil for losses suffered due to the crisis.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »