European rules Sample Clauses

European rules. At the European level, there was an effort in this sense. In 1992, the Regulation 2407 was adopted, establishing that investors from non-EU Members States can hold up to 49% of an airline’s capital. This is the maximum possible conceived by European politicians and maybe European citizens. More than 50% would make 82 XXXXX Xxxxxxx, ‘Protectionism door threatens to slam on Open Skies’, in USA Today on 29/03/2006 available at xxxx://xxx.xxxxxxxx.xxx/money/biztravel/2006-03-29-open-skies- threatened_x.htm a revolution in the actual mindset. However, this limitation is not respected when investments come from other EU Member States, as recently shown by the acquisition of KLM by Air France. The notion of EU carrier is quite clear in this regulation ten years before the Court’s ruling in 2002. Once again the nationality is irrelevant within the EU territory, the EU is perceived as one entity. The EU case is an exception of the Chicago Convention of 1944. It established that the country where the aircraft is registered must have the effective control of the company. The European airline designation allows that an airline under the regulatory control of the country X can be detained by the country Y. Logically, it is the country where the aircraft is registered, that will be questioned if there is an accident. There are two examples: DHL Air which is under German control but is authorised by the UK; and Air Botnia which is under Danish/Swedish control and is authorised by Finland. However, there is no case of a major company requesting designation from a country other than its origin country83.