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EU: Alitalia rescue by Italy’s postal service cleared

By  |  February 8, 2015

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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