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Tag: condor

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 […]