YOUR STATE AID IS WORSE THAN MY STATE AID

In the aftermath of the September 11 terrorist attacks, the U.S. Congress authorized $5 billion in grants and a potential $10 billion in loan guarantees to allay bankrupticies fears in the airline industry. This action by the U.S. government shocked outsiders, as the U.S. had always held a negative stance towards other countries for "owning" airlines and protecting them from competition. Regulations by the EU, in theory, ban the governmental support of airlines which cannot find funding from the private sector. This article relates the responses of various nations, noting that some countries created their own versions of bailouts.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00022543
• Corporate Authors:

  Penton Media

  1300 E 9th Street
  Cleveland, OH  United States  44114-1503
• Authors:
  • Feldman, J M
• Publication Date: 2002-1

Language

• English

Media Info

• Features: Figures; Photos; Tables;
• Pagination: p. 42-44
• Serial:
  • ATW: Air Transport World
  • Volume: 39
  • Issue Number: 1
  • Publisher: Penton Media
  • ISSN: 0002-2543

Subject/Index Terms

• TRT Terms: Air transportation policy; Airlines; Consolidations; Government funding; Loans; Subsidies
• Subject Areas: Aviation; Finance;

Filing Info

• Accession Number: 00824478
• Record Type: Publication
• Source Agency: UC Berkeley Transportation Library
• Files: BTRIS, TRIS
• Created Date: Feb 28 2002 12:00AM