Alitalia state aid
WebApr 25, 2024 · Since it was launched after the Second World War, Alitalia has burned through more than €12 billion in funds from taxpayers and investors and most of it since … WebJul 15, 2024 · This new grant brings the total State aid approved by the EU for Alitalia for the damage caused by the pandemic from March 2024 to the end of April 2024 to almost EUR 350 million. As with the above-mentioned aid, the Commission has analysed the compatibility of the aid in the light of Article 107 . 2 . b TFEU.
Alitalia state aid
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WebApr 11, 2024 · The Council of State also pointed out that, in these circumstances, even potential benefits to the system in terms of quality or innovation might not be enough to justify the abusive conduct. European Union. A. European Commission. 1. European Commission finds that 2024 € 400 million state loan to Alitalia is state aid. WebDec 18, 2024 · Since 1996, the Commission has opened seven state aid cases [1] regarding Alitalia. [2] In 2004 and 2005 [3] [4] big money was pumped again into Alitalia with the …
WebMar 29, 2024 · The European Commission has established that the €400 million loan of the Italian state to Alitalia in 2024 was illegal aid, stating that Italy must now recover the funds it gave to the already bankrupt airline. Through a statement issued on March 27, the EU Commission has revealed that the Italian airline Alitalia entered into special ... WebSep 10, 2024 · While the European Union ’s antitrust arm outlawed 900 million euros ($1.1 billion) of Italian subsidies to long-suffering flag carrier Alitalia, it also approved Italy’s …
WebMar 26, 2024 · BRUSSELS, March 26 (Reuters) - The European Commission has approved 24.7 million euros ($29 million) of Italian state aid for Alitalia to compensate the airline for losses suffered during the... WebMar 28, 2024 · The European Commission has concluded that a State loan of €400 million granted by Italy in 2024 to Alitalia Società Aerea Italiana S.p.A. and its wholly-owned subsidiary, Alitalia CityLiner S.p.A. (jointly ‘Alitalia’) is illegal under EU State aid rules. Italy must therefore recover the illegal State aid, plus interest, from Alitalia.
WebSep 13, 2024 · EU Commission: Italy Illegally Granted €900 Million in Loans to Alitalia. The €900 million in loans granted in 2024 from the Italian government to the recently …
how dangerous are tsunamis to humansWebReuters - BRUSSELS, March 27 (Reuters) - The European Commission on Monday ordered Italy to recover a 400 million euros ($430 million) loan it granted to struggling airline … how dangerous are warthogsWebSep 5, 2024 · In January 2024, Italy notified to the European Commission the total €900 million State loan granted to Alitalia as rescue aid under the Commission's Rescue and Restructuring Aid Guidelines. The European Commission had already received several complaints that these loans constituted illegal and incompatible aid. how dangerous are walrusesWebAside from Lufthansa and its subsidiaries, the most significant beneficiaries of state aid have been Air France-KLM, Norwegian, Alitalia, TAP Air Portugal, airBaltic and SAS. Loans and loan guarantees form the bulk of state aid so far, but equity is also at least some part of state support for Lufthansa, Alitalia, airBaltic, SAS and Finnair. how dangerous are volcanic eruptionsWebAlitalia reported net losses of more than €3.7 billion between 1999 and 2008. Previous state aid to Alitalia included some €1.5 billion in 1998 from the government of premier … how dangerous are sandstormsWebThe €400 million bridging loan Italy granted to former flag carrier Alitalia in 2024 constitutes illegal state aid under EU rules, and Italy must recover it, plus interest, the European... how dangerous are thunderstormsWebApr 13, 2024 · On 27 March 2024, the European Commission concluded that an Italian loan of EUR 400 million granted in 2024 in favour of Alitalia constituted illegal and incompatible aid that has to be reimbursed. how dangerous are sloths