INSURANCE SUBSIDY
May 1st, 2002
BY KEITH NUTHALL
THE EUROPEAN Commission has given European airlines a stay of execution regarding the payment of emergency state aid to meet their insurance cover needs in a market still reeling from September 11. Brussels will allow national governments to continue subsidies until June 30; meantwhile it will try and agree a long term solution with the airline industry and Member States.
THE EUROPEAN Commission has given European airlines a stay of execution regarding the payment of emergency state aid to meet their insurance cover needs in a market still reeling from September 11. Brussels will allow national governments to continue subsidies until June 30; meantwhile it will try and agree a long term solution with the airline industry and Member States.
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