Meta: No Auto Bailout…For Now
More info…
Yesterday’s blog post concluded with a brief remark on the possibility of U.S. airlines falling in line behind the automakers if the global economic crisis proves too damaging. News that the bailout bill died in the Senate Thursday (see The…
New Common Rules for the Internal EU Market
On November 1, 2008, Council Regulation 1008/2008 on Common Rules for the Operation of Air Services in the European Community entered into force. The regulation, which has been touted by the European Commission as simply a revision to 1993′s “third…
The Outlook for 2009
The International Air Transport Association reported on Tuesday that U.S. air carriers could post a very modest $300 million profit while the world’s other regions will likely endure $2.5 billion in losses. The losses will be nowhere near as severe…