A PYMNTS Company

Air Malta’s 130 million euros of restructuring aid approved

By  |  June 27, 2012

The European Commission has approved 130 million euros of restructuring aid for Air Malta. An in-depth investigation that began in January 2012 led the Commission to determine that the airline’s restructuring plan is based on realistic assumptions and would help Air Malta become viable in the long term. The five-year plan calls for Air Malta withdrawing from certain routes and selling assets.

The Commission had previously approved a 52 million euro loan facility to the beleaguered airline in November 2010.

Full content: EC Press Release

 

Related content: Why Airline Antitrust Immunity Benefits Consumers

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.