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Saturday, January 11, 2014

Airlines And EU State Aid Regulation

Will the EU change its antitrust and state charge constitution after the rival Towers attack? by Antonio Fogna adjacent the kinsfolk 11th, 2001, terrorist attacks on New Yorks World Trade midriff and the Pentagonen, umpteen people w concernethorn find inappropriate to pretend in terms of monetary and legal consequences. They may tumesce bind a point, and certainly in times of repugnance and grieve, frugal and legal issues are not the centre nidus of our lives. sadly the economic costs of the Twin Towers and of the Pentagons course assault, may be a crucial issue in the abutting 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 trade 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 people are f lying, depriving an already marginally profitable industry of revenues just when it faces the need for more valuable 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.
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If the mental picture is not faulty enough, it must be said that European air carries were having financial problems before September 11th. For example Sabena, the spring 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 citizens committee granted it approving to the last... If you want to get a intact essay, order it on our website: OrderCustomPaper.com

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