The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against “lavishing” emergency aid

The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against "lavishing" emergency aid