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European Commission Approves €12.8m Of Italian State Aid For Alitalia

Published on May 14 2021 2:31 PM in General Industry tagged: Trending Posts / European Commission / Alitalia

European Commission Approves €12.8m Of Italian State Aid For Alitalia

The European Commission has approved €12.8 million of Italian state aid for Alitalia to compensate the airline for losses suffered during the coronavirus pandemic, the EU executive has said.

Fourth Authorisation

It is the fourth authorisation for subsidies to Alitalia that the Commission has approved since the beginning of the COVID-19 pandemic.

Total Amount Of State Aid Approved For Damages Causes By The Pandemic

The new direct grant takes the total amount of state aid approved by the EU in favour of Alitalia for damages caused by the pandemic from March to December of 2020 to more than €310 million.

European Commission Statement

"This measure aims at compensating the airline for the damages suffered on certain routes due to the coronavirus outbreak during the month of January 2021," the Commission said in a statement.

Ongoing Investigations

The Commission added that EU investigations are ongoing into two support measures worth a total of €1.3 billion that Italy granted to Alitalia in 2017 and 2019.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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