Glossary beginning with E
The European Aviation Safety Agency promotes the common standards of safety and environmental protection in civil aviation in Europe and worldwide.
Earnings before interest, taxes, depreciation and amortisation - a measure of profit used to value a company
Electronic miscellaneous document. EMD allows airlines to sell and track the use of all ancillary services, to accept payment, and to issue relevant documents to travellers. EMD will also integrate miscellaneous charges automatically into invoices, reports and back-office accounting systems.
Europe, Middle East and Africa
Emissions Trading Scheme: Effectively an emissions market where allowances are traded as units of volume e.g. one tonne of carbon dioxide. Participating companies are allocated a number of allowed emissions units of each gas. A company may emit more by purchasing units from the market. Similarly, a company may sell units if they are in excess. The total number of allocation units is fixed and regulated by central and EU government. An ETS imposes a limit on the total emissions according to reduction targets, while allowing companies flexibility.
European Organisation for the Safety of Air Navigation: EUROCONTROL's mission is to harmonise and integrate air navigation services in Europe, aiming at the creation of a uniform air traffic management (ATM) system for civil and military users, in order to achieve the safe, secure, orderly, expeditious and economic flow of traffic throughout Europe, while minimising adverse environmental impact (source: www.eurocontrol.int).
New York Newark International Airport