LONDON (Reuters Breakingviews) – Europe’s low-cost airways owe much of their growth to taking daring strategic decisions at unusual occasions. In the aftermath of the assaults of Sept. 11 2001, they ordered hundreds of new aircraft, negotiating giant discounts with producers as more established rivals scaled back. A decade and a half later, easyJet and its no-frills rivals are as soon as once more being bold when others are below pressure.
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