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investments at the airport and improvethe potential to create good public transportto the airport. The agreementrequires the approval of the StockholmCity Council.Aviation and the environmentPublic debate on climate change increasedin strength during 2007. It has influencedattitudes towards air travel. Aviation doesaffect the climate, but many factuallyincorrect statements occur in the debate.According to the Swedish EnvironmentalProtection Agency, domestic air travelaccounts for 1 per cent of overall carbondioxide emissions in Sweden. Globally,aviation accounts for 2-3 per cent of carbondioxide emissions.The aviation industry must obviouslyassume its environmental responsibility.During 2007 the Swedish Aviation Associationpresented an ambitious 10-pointprogramme which, among other things,implies its approval of economic instrumentsfor addressing emissions and furtherinvestments in technological developmentrelated to aircraft, engines andalternative fuels. More efficient utilisationof European airspace is a high priority,since it can lead to a 10 per cent reductionin emissions. LFV has played a veryproactive role in efforts to implement aSingle European Sky.LFV has been climate neutral since2006. We have sharply reduced our ownemissions − by more than 50 per centsince 2003 − and we have now started anenergy project that will further reducetotal consumption and aim at eliminatingdependence on fossil fuels completely. Weare continuing our efforts to develop the“green flights” concept and to introduce itin other countries as well.The regional Environmental Court didnot believe there are sufficient reasons tochange the permit conditions concerningthe emission ceiling at Stockholm-Arlanda. We have thus begun a processfor environmentally re-assessing theentire operations of the airport. In orderto limit emissions, it is very importantthat railways to and from the airport canbe utilised optimally. The recent regionalproposal for a comprehensive traffic solutionin Greater Stockholm points out thatthe desired development of public transportsupply to Stockholm-Arlanda cannotoccur within the framework of the existingArlanda Link agreement. As part of itsForum Arlanda activities, LFV is pursuingefforts to improve public transport tothe airport. We are also hoping that in theautumn of 2008, the Swedish Governmentwill submit a proposal for better publictransport connections to our airports, forexample a railway between Gothenburgand Borås via Landvetter.The Airport InquiryThe Swedish Parliament is expected todeal with the recent proposals of theGovernment-appointed Airport Inquirythis coming autumn. The report of theinvestigator proposes which airports arenationally strategic and should be Stateowned.Until something else is decided,obviously LFV will assume responsibilityfor operating and improving our sixteenairports. The report also proposesthat LFV be turn into a limited liabilitycompany. We see advantages in a clearerallocation of responsibilities between theowners, the Board of Directors and managementthat this organisational mechanismprovides. In Europe it is commonfor air navigation services and airportoperations to be run by different organisations.The dissimilarities in the businessconditions that apply to these operationssupport the Airport Inquiry’s proposalfor two separate companies.Regardless of legal mechanism, wewill continue our important task of satisfyingthe demands of the aviation industryand passengers for safe, cost-effective,smoothly functioning airports and airnavigation services. Civil aviation is sensitiveto economic cycles and is quicklyaffected when the economy weakens. Inaddition, if the climate change debateinfluences people’s willingness to fly, itis important for us to quickly be ableto take steps to offset any downturn intravel.To me it is a pleasure to work in anindustry that is so important to societyand its development. The aviation industryis characterised by great enthusiasmand dedication, which stimulates jobsatisfaction. I would like to close bythanking all our employees for a jobwell done in 2007.Lars Rekke, Director GeneralComments of the Director General > LFV 2007