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State aid: EC orders Hungary to recover funds given to the air carrier Malév

Brussels, Belgium - Considered illegal following checks

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. Under E...

AVIONEWS - World Aeronautical Press Agency - 1136798
Rome, Italy, 01/09/2012 17:10
AVIONEWS - World Aeronautical Press Agency

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