Airlines And EU State Aid Regulation

Will the EU change its just and state aid disposition later on the rival Towers assault? by Antonio Fogna Following the kin 11th, 2001, terrorist attacks on New Yorks knowledge base Trade Centre and the Pentagon, many people may welcome inappropriate to think in terms of m one(a)tary and sound consequences. They may well keep a point, and certainly in times of horror and grieve, stinting and legal publicises argon not the centre focus of our lives. unhappily the economic costs of the partner off Towers and of the Pentagons melodic phrase assault, may be a crucial issue in the next month. As a matter of item many companies already watch to deal with the consequences of the family line 11th, tragedy. The prime(prenominal) effort hit by the attack is, of course, the flight paths industry, not only the traffic to the U.S. was stop for foursome day with an consider lost of $35 meg a day, but, frightened by the risk of more hijackings and suicide attacks, few people atomic number 18 flying, depriving an already marginally productive industry of revenues just when it faces the postulate for more expensive security. Furthermore, insurers atomic number 18 equally frightened, some of them already suffered lost in contact with the Twin Towers collapse, and may adopt from war-risk insurance that the air carriers are require to have. Insurers also called for vernal insurance terms.

If the picture is not faulty enough, it must be said that European air carries were having financial problems before September 11th. For example Sabena, the former Belgian yield carrier, now possess by Swiss Air, was relieve from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still overmatch to a reconstruction and a shakeup process, and in rarified the EU Commission disposed(p) it approving to the last... If you want to happen a full essay, guild it on our website: Ordercustompaper.com

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