EU opens investigation on Alitalia loan

Vestager believes it is state aid. "Illegal"
EU opens investigation on Alitalia loan
23 April 16:37 2018 Print This Article

The EU Commission today opened an investigation to assess whether the € 900 million bridge loan that Italy has granted to Alitalia constitutes state aid. Brussels “at the moment is of the opinion that the state loan constitutes state aid”, reads a note.

In particular, the Commission points to the “duration of the loan, which runs from May 2017 until at least December 2018, exceeds the maximum duration of six months provided for by the guidelines for rescue loans” and that the aid is not limited to the minimum , writes Margrethe Vestager, commissioner responsible for competition, in the note.

Italy has notified the EUR 900 million loan to Brussels in January 2018 as rescue aid according to EU rules on state aid.
If the findings of Brussels were exclusively limited to the amount and duration, it would not be easy to understand why the investigation took place three months later and above all at the conclusion of the expressions of interest of three companies.

Print this entry

  Categories:
view more articles

About Article Author

Nicole Volpe
Nicole Volpe

View More Articles