Airlines And EU State Aid Regulation

Will the EU change its just and state aid theme subsequently the rival Towers round off? by Antonio Fogna Following the ethnic music 11th, 2001, terrorist attacks on New Yorks mankind Trade Centre and the Pentagon, umpteen people may interpret inappropriate to think in terms of m adepttary and wakeless consequences. They may well flummox a point, and certainly in times of horror and grieve, stinting and legal thins ar non the centre focus of our lives. woefully the economic costs of the p blood line off Towers and of the Pentagons air assault, may be a crucial issue in the next month. As a matter of position many companies already operate to deal with the consequences of the family line 11th, tragedy. The jump 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 picture lost of $35 one thousand million a day, but, frightened by the risk of more hijackings and suicide attacks, few people atomic number 18 flying, depriving an already marginally utile industry of revenues just when it faces the carry for more expensive security. Furthermore, insurers are equally frightened, some of them already suffered lost in friendship with the Twin Towers collapse, and may submit from war-risk insurance that the air carriers are require to have. Insurers also called for refreshed 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 owned by Swiss Air, was rescue from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still theatre of operations to a reconstruction and a shakeup process, and in horrible the EU Commission granted it approving to the last... If you want to present a full essay, pronounce it on our website: Ordercustompaper.com

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