EU to Cut Government Subsidies to Unprofitable Airports
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The European Union will make it more difficult for governments to prop up unprofitable airports, curbing subsidies that regulators said are often passed on to airlines.
Operating aid to airports will have to be cut out over a maximum of 10 years, the European Commission said in draft guidelines published today. The measures are scheduled to take effect starting in early 2014, after the industry has been consulted.