The European Union‘s executive on Friday cleared the 86-million-dollar cash injection from Italy‘s state-owned postal service which helped troubled airline Alitalia avoid bankruptcy in 2013.
At the time, the contribution to Alitalia‘s rescue from Poste Italiane was publicly criticized as a covert form of state aid by International Airlines Group, a rival entity that controls Iberia.
In a statement, the European Commission said it concluded that Poste Italiane‘s investment was made on market terms, with no preferential treatment that would have constituted a form of state aid banned by EU antitrust rules.
Full Content: DW
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