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State aid. European Commission finds new carrier ITA is not Alitalia's economic successor
And Italy's capital injections into ITA are market conform
The European Commission has found that Italia Trasporto Aereo SpA (“ITA”) is not the economic successor of Alitalia and, hence, it is not liable to repay illegal State aid received by Alitalia. It also found that Italy's capital injections of €1.35 billion into the new company are in line with market conditions, and therefore do not amount to State aid under EU rules.Economic discontinuityIn 2020,...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency