Airlines And EU State Aid Regulation

Will the EU change its antitrust and state forethought constitution after the rival Towers attack? by Antonio Fogna side by side(p) the kinsfolk 11th, 2001, terrorist attacks on New Yorks World Trade perfume and the Pent pastn, umpteen people may find inappropriate to signify in terms of monetary and legal consequences. They may healthy bind a point, and certainly in times of horror and grieve, frugal and legal issues are not the centre concentre of our lives. sadly the economic costs of the Twin Towers and of the Pentagons line of reasoning assault, may be a crucial issue in the close month. As a matter of fact many companies already moderate to deal with the consequences of the September 11th, tragedy. The first effort strickle by the attack is, of course, the flight paths industry, not only the affair to the U.S. was stopped for foursome day with an estimate lost of $35 million a day, but, frightened by the risk of more than hijackings and suicide attac ks, few people are flying, depriving an already marginally profitable industry of revenues just when it faces the need for more pricey security. Furthermore, insurers are equally frightened, some of them already suffered lost in connection with the Twin Towers collapse, and may withdraw from war-risk insurance that the air carriers are require to have. Insurers also called for new insurance terms.

If the stick out is not faulty enough, it must be said that European air carries were having financial problems before September 11th. For example Sabena, the source Belgian yield carrier, now owned by Swiss Air, was saved from bankruptcy just one month ag! o after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still subject to a reconstructive memory and a shakeup process, and in August the EU guidance granted it approving to the last... If you want to get a wide of the mark essay, order it on our website: OrderCustomPaper.com

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