CHARLEROI AIRPORT FORCED TO CHANGE PLANS AFTER 500% RENT HIKE
March 1st, 2018
Brussels South Charleroi Airport has has to rethink its development plans after a January 25 ruling in the European Union’s (EU) General Court forced a 500% hike in its concession fee. The court (part of the European Court of Justice) threw out Charleroi’s challenge to the European’s Commission 2004 decision that the EUR3 million annual concession fee that Belgium’s Wallonia Region was charging the airport was an illegal subsidy under the bloc’s state aid rules. The court agreed with the EU executive that the region should increase the fee to EUR15 ...
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