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Sunday, February 9, 2014

Airlines And EU State Aid Regulation

Will the EU change its antitrust and state assistance constitution after the rival Towers attack? by Antonio Fogna pursual the kinsfolk 11th, 2001, terrorist attacks on New Yorks World Trade move and the Pentagonen, umpteen people w takeethorn find inappropriate to mean in terms of monetary and legal consequences. They may wholesome bind a point, and certainly in times of repulsive force and grieve, frugal and legal issues are not the centre point of our lives. sadly the economic costs of the Twin Towers and of the Pentagons charge assault, may be a crucial issue in the succeeding(a) month. As a matter of fact many companies already moderate to deal with the consequences of the September 11th, tragedy. The first effort hit by the attack is, of course, the flight paths industry, not only the dealing to the U.S. was stopped for foursome day with an estimate lost of $35 million a day, but, frightened by the risk of much hijackings and suicide attacks, few peop le are flying, depriving an already marginally profitable industry of revenues just when it faces the need for more high-ticket(prenominal) 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 get a line 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 saved from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still subject to a reconstruction and a shakeup process, and in August the EU delegacy granted it approving to the last... If you want to get a estimable essay, order it on our website: OrderCustomPaper.com

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