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The European Commission authorises aid for the restructuring of the German airline Ltu
Rome, Italy - The situation of Ltu had become critical since the announcement of the bankruptcy of Swissair
"The European Commission authorised on March 19, 2003 aid for the restructuring of the Germany airline Ltu (Lufttransport Unternehmen GmbH). This aid will make it possible for the air company to contribute to the financing of a restructuring plan intended to return it to viability by 2004. Funds totalling EUR 100m, guaranteed to the extent of 80% by North Rhine Westphalia, can now be released by the...
AVIONEWS - World Aeronautical Press Agency - 43024
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency