EU commits $3.69 billion to air traffic management

The European Commission has made the funding available for air navigation service providers, airports and airlines.    The European Commission has made funding of up to 3 billion euros ($3.69 billion) available for projects to modernize Europe’s air-traffic management systems.
   Part of the Single European Sky initiative, the money will be available to air navigation service providers, airports and airlines.
   “Today’s agreement is a great achievement for EU aviation, forever changing Europe’s air navigation system, making it smarter, cheaper, greener, and safer,” European Commissioner Violeta Bulc said in a statement. “It also marks an important step toward the accomplishment of the Single European Sky. These projects will translate into economic benefits for the whole EU.”