FRANCE – AVIATION INSURANCE
December 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Commission has launched a formal review of compensation offered by the French government to its air industry following last year's September 11 attacks, claiming that Paris had extended the aid beyond that which had been authorised by Brussels. Notably, the Commission alleges that France's payment of subsidies after the resumption of flights to the USA distorted the market and so was illegal state aid. If it reaches the same conclusion after its formal review, the Commission could order that this money is paid back to the French ...
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