INSURANCE AID
October 1st, 2001
Keith NuthallTHE EUROPEAN Commission has released details of the conditions that it will probably attach to applications by EU Member States to pay state aid to airlines to fund insurance cover, at a time when private companies have been withdrawing policies.Granting approval to an emergency British government package, Brussels said that handouts would be approved where:*They address only the withdrawal of terrorist-related risk policies by the commercial insurance market;*Are limited to 30 days;*Funds re-establish insurance cover at levels similar to those ...
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