Europe's weakest airlines begin to go under as several governments withdraw or curtail support
European governments have been notorious for their open or hidden subsidies to support national carriers. But tighter controls imposed by the European Commission, coupled with the effects of the sovereign debt crisis, are taking their toll on the weakest airlines—as witnessed by the recent demise of Spanair and the de facto collapse of Malev. In theory, the principles of how the industry should or should not be supported have been around for years. Technically, governments and private ...
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