in Aerospace

EASA offers financial relief to COVID-19 hit aviation industry

Posted 14 May 2020 · Add Comment

The European Union Aviation Safety Agency (EASA) has agreed on concrete measures that will offer financial relief to companies in the aviation industry whose business has been severely impacted by the COVID-19 crisis.

Courtesy EASA

These measures take account of the continued sustainability of EASA and have been agreed with the support of the European Commission.

The Agency will for a limited period not charge interest in cases of late payment, as provided for in Article 4.3 of the Fees and Charges Regulation.*

For all invoices issued between 1st February 2020 and 30th June 2020, the late payment clock has been stopped and will restart only on 1st July 2020.

Wednesday 1st July 2020 will be considered as the 31st day of payment and therefore late payment interest will be applied from that day.

EASA will postpone the issuance of its regular invoices for annual fees for two months, from June to August.  The annual invoices will be issued on 1st August 2020 and late payment interest will apply from the 31st day (so from 31st August 2020).

*"4.3. Where payment of an invoice has not been received by the Agency after the time period referred to in paragraph 2, the Agency may charge interest for each calendar day of delay."

Other Stories
Latest News

The space domain and UK security

In a recent interview with DSEI Senior Defence Advisor, Air Vice-Marshal (ret’d) Gary Waterfall, Air Vice Marshal Harv Smyth, Head of the UK Space Directorate, highlighted the vital role of the space domain for UK security.

Rolls-Royce secures US Navy debris detection research contract

Rolls-Royce has been awarded $1 million of research funding from the US Government for digital foreign object debris (FOD) detection technology.

Forum produces advanced SRV

Forum Energy Technologies today announced it has completed manufacturing a highly advanced submarine rescue vehicle (SRV) including cutting edge technologies, which may be utilised to extract submariners from distress

UN and UK sign agreement to promote space sustainability

International efforts to protect future space activity have been given a boost thanks to a new partnership between the UN and the UK government.

Research into South West electric air taxis gets government funding

A consortium led by Atkins, involving Vertical Aerospace and the West of England Combined Authority, has been awarded an industrial research grant by the UK Government to look at the feasibility of an air taxi service in the South West

Babcock Team Aurora develops plans for MoD sat comms

Babcock-led Team Aurora is putting collaboration, continuity and responsiveness at the heart of its solution to support the UK’s the defence satellite communications system.

S&P SK1611110321
See us at
Security & Policing 2021 BTIDEX 2021 BT26221