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E.U.: State aid: Commission approves restructuring aid for Czech Airlines

By  |  September 21, 2012
E.U.: State aid: Commission approves restructuring aid for Czech Airlines

After an in-depth investigation, the European Commission has concluded that restructuring aid amounting to CZK 2.5 billion (120 million USD) granted to the Czech state-owned air carrier Czech Airlines is in line with EU state aid rules. A significant capacity reduction, efficient cost and revenues management and the sale of assets should ensure the company’s long-term viability without continued state support, whilst avoiding undue distortions of competition.

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