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Tag: airline

State aid:EU Commission approves €550 million German State-guaranteed loan to compensate airline Condor for damage caused by coronavirus outbreak

The European Commission has found a State-guaranteed €550 million public loan in favour of German charter airline Condor to be in line with EU State aid rules. The measure aims at partly compensating the airline for the damage suffered due to the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: ”This […]

State aid: EU Commission approves Swedish public guarantee of up to €137 million to compensate airline SAS for damage caused by coronavirus outbreak

The European Commission has found a Swedish State guarantee of up to approximately €137 million on a revolving credit facility in favour of Scandinavian airline SAS to be in line with EU State aid rules. The measure aims at partly compensating the airline for the damage suffered due to the coronavirus outbreak. Since the start […]

State aid: EU Commission approves Danish public guarantee of up to €137 million to compensate airline SAS for damage caused by coronavirus outbreak

The European Commission has found a Danish State guarantee of up to approximately €137 million on a revolving credit facility in favour of Scandinavian airline SAS to be in line with EU State aid rules. Since the start of the coronavirus outbreak, SAS has suffered a significant reduction of its services, resulting in high operating […]

Coronavirus Action: EU funding, investment, airline help

Rushing to aid Europeans and their economy, the EPP Group, the largest force in Parliament, calls for EU-wide solidarity and has approved measures to counter the impact of the coronavirus. The EPP Group voted for 37 billion euros in aid and investment through the European Solidarity Fund and the Coronavirus Response Investment Initiative. It also […]