Airlines And EU State Aid Regulation

Will the EU change its f manner and state aid organization after the rival Towers flak? by Antonio Fogna Following the family line 11th, 2001, terrorist attacks on New Yorks human race Trade Centre and the Pentagon, umpteen people may come on inappropriate to think in terms of m matchlesstary and legitimate consequences. They may well draw a point, and certainly in times of horror and grieve, sparing and legal go forths atomic number 18 non the centre focus of our lives. sadly the economic costs of the pair Towers and of the Pentagons air assault, may be a crucial issue in the next month. As a matter of point many companies already give to deal with the consequences of the folk 11th, tragedy. The low gear effort hit by the attack is, of course, the flight paths industry, non only the traffic to the U.S. was halt for foursome day with an fancy lost of $35 billion a day, but, frightened by the risk of more hijackings and self-destruction attacks, few people atomic number 18 flying, depriving an already marginally juicy industry of revenues just when it faces the urgency for more expensive security. Furthermore, insurers ar equally frightened, some of them already suffered lost in corporation with the Twin Towers collapse, and may carry off from war-risk insurance that the air carriers are require to have. Insurers also called for unused 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 deliver from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still motif to a reconstruction and a shakeup process, and in magisterial the EU Commission give it approving to the last... If you want to excite a full essay, social club it on our website: Orderessay

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