EU to help aviation with volcano-related losses

The European Union has responded to the week-long shutdown of air traffic across much of the continental with a promise to help airlines recover from an estimated $3.3 billion in losses. This brings to mind the aftermath of 9/11, when air traffic was halted for five days and the U.S. government helped our airlines with emergency financial aid and low-cost loans. Details of the EU's plans are in this story.