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
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »