State Aid in the Airline Sector: a Change in Focus journal article John Balfour, Solange Leandro European State Aid Law Quarterly, Volume 10 (2011), Issue 2, Page 225 - 236 I. Introduction The airline industry is by its very nature highly exposed to the volatility of the market. Lower barriers to entry for new airlines together with pricing freedom arising from the deregulation of the air transport market have produced far greater competition than before deregulation. Fares have dropped significantly with low cost carriers often taking market share by offering highly reduced rates that full service airlines struggle to m
Judgment By Formula: Regulatory Form and the Differentiation of Fiscal Measures and Non-Fiscal Measures in EU State Aid Law Christopher McMahon