EU probes Italy's latest Alitalia rescue loan
AFP
| 2018/04/23 | 285 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
EU anti-trust regulators on Monday opened an in-depth probe to establish whether a massive rescue loan by the Italian government to troubled airline Alitalia constituted illegal state aid.The salvo from Brussels targets a 900 million euro ($1.1 billion) bridge loan by Rome to keep Alitalia afloat after staff in 2017 rejected a last-ditch cost-cutting plan to save the company."The Commission has a duty to make sure that loans given to companies by member states are in line with the EU rules o...(…)
This article is available on « Le Journal de l'Aviation »
Read the article
Tags :
