Press Release: State aid: Commission orders Hungary to recover incompatible state aid from national air carrier Malév

Author (Corporate)
Series Title
Series Details IP/12/7 (09.01.12)
Publication Date 09/01/2012
Content Type

The European Commission found that financing granted to Hungarian flag carrier Malév between 2007 and 2010 in the context of its privatisation and renationalisation constitutes illegal state aid, as Malév would not have been able to obtain similar financing from the market on the terms conceded by the Hungarian authorities. Hungary now needs to recover the unlawful aid from the beneficiary.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/7&format=HTML&aged=0&language=EN&guiLanguage=en
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