Just a few questions for you Skipness One Echo: What about Russian Transaero flying their aircraft with Irish registration? And then there is Aeroflot with their aircraft registered in Bermuda? I guess Transaero has Russian crews, i.e. non-EU crew.
May I suggest some interesting reading. The interesting stuff starts at page 18 of the presentation linked to below, but I have to warn you - this presentation may be warped since Norwegian has made it.
http://www.norwegian.com/Global/norw...esentation.pdf