EU authorises E351m state loan to Finnair due to pandemic
The EC said Friday it had authorised a loan of E351m from the Finnish government to Finnair as compensation for losses suffered during the pandemic. The airline, similar to other competitors, incurred significant operating losses due to travel restrictions in Finland and destination countries, the Commission said. “With the measure we approved today, Finland will compensate Finnair for damages directly suffered as a result of such restrictions,” EU antitrust commissioner Margrethe Vestager said. The state aid, in the form of a hybrid loan, will cover losses for the period between 16 March 2020 and 31 December 2020, the Commission said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-15/oneworld/eu-authorises-e351m-state-loan-to-finnair-due-to-pandemic
https://portal.staralliance.com/cms/logo.png
EU authorises E351m state loan to Finnair due to pandemic
The EC said Friday it had authorised a loan of E351m from the Finnish government to Finnair as compensation for losses suffered during the pandemic. The airline, similar to other competitors, incurred significant operating losses due to travel restrictions in Finland and destination countries, the Commission said. “With the measure we approved today, Finland will compensate Finnair for damages directly suffered as a result of such restrictions,” EU antitrust commissioner Margrethe Vestager said. The state aid, in the form of a hybrid loan, will cover losses for the period between 16 March 2020 and 31 December 2020, the Commission said. <br/>
