The Falkland Island Government’s announcement of their preferred option for a second commercial flight between the Falklands and South America has been met with both applause and outrage, reports the latest edition of the Islands' weekly, Penguin News.
The Falkland Islands Government operating surplus now stands at over £38 million, Standing Finance Committee members were informed this week. The large surplus is due to favorable corporation tax receipts, and was arrived at by deducting operating costs of £68 million from the year’s income, which is £106 million.
Family of the only Argentine naval officer killed and buried in South Georgia during the 1982 South Atlantic conflict will soon be able to visit their father's grave in Grytviken, according to reports in the Buenos Aires media.
As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.
The Falkland Islands government announcement that it has chosen Latam as preferred operator to provide a second commercial flight between the Islands and the continent, with a stopover once a month in Argentina, did not come without a reaction from the Argentine government.
The Chilean/Brazilian Latam airline has been chosen by the Falkland Islands Government as the preferred operator to provide a second commercial flight between the Falkland Islands and South America. The official announcement was made on Thursday, 26 July.
The UK Government position is unchanged: only the Falkland Islanders have the right to determine their own political and economic future, stated Phillip Hammond in Buenos Aires where he attended a two-day G20 ministers meeting.
The biggest barriers to business growth in the Falkland Islands are the air link to Chile and telecommunications bandwidth (speed and quality) according to the Falkland Islands Development Corporation Business Climate Survey. In the survey to which 106 businesses responded (a 42% response rate) 30.86% selected those options.
Last week's meeting in Buenos Aires of the Malvinas Question Observatory from the province of Tierra del Fuego with the Malvinas Department at the Argentine foreign ministry has not been without consequences.
The U.K. has confirmed its commitment to the continued development of the Eurofighter program in accordance with its new Combat Air Strategy. The new doctrine was released by U.K. defense officials on Monday at the Farnborough International Air-show. The strategy indicates that the Eurofighter will be upgraded for decades to come, pending a replacement.