Press Release: State aid: Commission approves restructuring aid for Air Malta

Author (Corporate)
Series Title
Series Details IP/12/702 (27.6.12)
Publication Date 27/06/2012
Content Type

Following an in-depth investigation, the European Commission has concluded that a €130 million aid amount granted to the state-owned airline Air Malta for its restructuring is in line with EU state aid rules. The Commission found that the restructuring plan adequately addresses the financial problems of Air Malta.

The restructuring measures foreseen, which include a significant capacity reduction and the sale of assets, should ensure long-term viability without continued state support, whilst avoiding undue distortions of competition.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/702&format=HTML&aged=0&language=EN&guiLanguage=en
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