Spread Betting

easyJet loses out in PSO ruling

Financial Spread Trading easyJet has been informed by the regional administrative court of Lazio that the airline will not be allowed to operate flights from Milan to Olbia for the time being, despite the companies view that this is an abuse of the Public Service Obligation status by the Italian Transport Ministry and by ENAC.

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Commodity Spread Trading "We find it astonishing that the court blocks flights by easyJet and Ryanair to Sardinia, while Alitalia is invited to fly. The European Commission is already investigating the Decree, and we are confident that Commission will soon end this abuse of these subsidised monopolies in Italy.

Betting Exchange Spread "Meridiana, AirOne and Alitalia will continue to share a nice, rich cake presented to them on a silver plate by ENAC and the Transport Ministry. But it is the people of Sardinia and the Italian taxpayer who have to foot the bill. We have always been against the PSO system and have refused to become part of a deal - we believe that airlines should offer the best service and the best fares to customers and leave it up to them to make their choice.

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Advanced Commodity Spread "As the President of the Italian Competition Authority Antonio Catrical stated this week, the Italian aviation market suffers from the absence of competition and stopped changing 10 years ago when liberalisation hadn't even started in Italy. He couldn't be more spot-on.

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Online Spread Betting "The PSO system is widely and increasingly abused in a number of countries as state aid through the back door, and its beneficiaries cynically try to sell it as something that is in the people's interest. This is an insult to passengers' intelligence: How can high fares and a waste of tax-payers money be in the people's interest?"

Stock Spread Trading The Court decision forces easyJet to cancel all flights between Milan and Olbia for this year.

Betting Horse Racing Spread All passengers will be informed and will be offered a reimbursement. The free capacity will be used to provide additional services to the hugely successful destinations of Naples and Ibiza.

Complete Guide Spread Trading The Italian authorities blocked easyJet's flights from Milan to Olbia by imposing a PSO Decree on all important routes between mainland Italy and Sardinia. ENAC even unlawfully blocked the flights after easyJet announced to operate them for free, although the legislation clearly states that the PSO Decree can only apply to flights "for remuneration".

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