EU to investigate Italy loan to beleaguered Alitalia
The EU’s antitrust watchdog said Friday that it has launched an investigation into a loan of E400m from the Italian government to national airline Alitalia to establish whether the money is illegal state aid. The watchdog, the EC, said that the aim is to assess if the “loan granted to Alitalia constitutes state aid and whether it complies with the rules on state aid to companies in difficulty.” The EC said that Italy had announced the loan to Alitalia late last year and that the money was meant “to facilitate the streamlining of the company in order to attempt to sell its assets.” The EC said it launched the probe after receiving a number of complaints about the loan. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-02/sky/eu-to-investigate-italy-loan-to-beleaguered-alitalia
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EU to investigate Italy loan to beleaguered Alitalia
The EU’s antitrust watchdog said Friday that it has launched an investigation into a loan of E400m from the Italian government to national airline Alitalia to establish whether the money is illegal state aid. The watchdog, the EC, said that the aim is to assess if the “loan granted to Alitalia constitutes state aid and whether it complies with the rules on state aid to companies in difficulty.” The EC said that Italy had announced the loan to Alitalia late last year and that the money was meant “to facilitate the streamlining of the company in order to attempt to sell its assets.” The EC said it launched the probe after receiving a number of complaints about the loan. <br/>
