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Tag: damage

State aid: EU Commission approves €8 billion Austrian scheme to compensate companies for damage caused by coronavirus outbreak

The European Commission has found a €8 billion Austrian scheme to compensate companies for damages related to the coronavirus outbreak to be in line with EU State aid rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €8 billion scheme enables Austria to compensate businesses of all sectors at least in part […]

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 […]