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Aircraft and airlines. AirBaltic restructuring: European Commission investigates on alleged state aid

Brussels, Belgium - The inquiry will analyze several measures, among which an 81-million-Euro loan

The European Commission has opened an investigation relative to the restructuring of airBaltic, the Latvian company which is a state-owned airline since the end of 2011, for alleged aid received by the government of the country, which could not be in line with European Union state aid rules. AirBaltic experienced financial troubles since 2008, which resulted in significant losses and negative equity...

AVIONEWS - World Aeronautical Press Agency - 1147560
Rome, Italy, 11/21/2012 17:18
AVIONEWS - World Aeronautical Press Agency

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