Alitalia state aid
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 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.
Alitalia state aid
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WebDec 29, 2024 · EU Rules on State Aid Italy (2024) has decided to nationalize Alitalia with initial funding of €3 billion. The implementation of the decision should have occurred in June, but to this date, the European Commission has not approved it. WebApr 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.
WebReuters - 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 … WebSep 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.
WebJun 5, 2024 · ROME, June 5 (Reuters) - Ryanair (RYA.I) will appeal against funds made available to the government-owned Italian airline that will replace Alitalia as it considers them illegal state... WebMar 27, 2024 · The governing body found that the 2024 State loan granted by Italy to the airline and its wholly-owned subsidiary, Alitalia CityLiner, breached EU state aid rules and must be repaid with interest. The ruling does not affect ITA Airways, which acquired some of Alitalia's assets in 2024.
WebJun 1, 2024 · The European Commission has approved a further EUR73.02 million euros (USD90.5 million) in Italian state support for Alitalia (AZA, Rome Fiumicino), declaring it to be in line with EU state aid rules. The funding, which takes the form of a direct grant, is aimed at compensating the carrier for damages suffered “according to a route-by-route …
WebMar 27, 2024 · BRUSSELS, March 27 (Reuters) - Alitalia, the predecessor of Italian state-owned airline ITA Airways, will have to repay a 400 million-euro ($430 million) loan to the … car dealerships in fort smith arkansasWebOct 15, 2024 · ITA has been formed out of the ashes of the loss-making Alitalia, which was placed under state administration in 2024 but deteriorated further during the coronavirus pandemic. ... ($1.6 billion) of public funds—while exempting ITA from having to pay back the state aid received by its predecessor. Over the years, the Italian state has spent ... broken window hd wallpaperWebMar 24, 2024 · Alitalia state aid probe: Italy must recover €400m plus interest, EC says. The European Commission (EC) deemed that the Italian state’s €400 million ($431.1 million) loan to Alitalia in 2024… by Rytis Beresnevicius. Read More. Airlines; Emirates restores Dubai-Sydney-Christchurch daily service on Airbus A380. broken window home insuranceWebDec 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 … broken window glass jello recipeWebSep 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 … broken window fallacy examplebroken window insurance claimWebThe €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... car dealerships in forest ms