In moves that give three carriers new lifelines and put on hold the long-awaited consolidation of Europe’s airline industry, the European Commission (EC) has ruled that government-provided financial help for each carrier was in line with the European Union’s (EU) rules on state aid. The EC on Wednesday confirmed it had closed its investigation into a series of aid measures by Slovenia to Adria Airways and by Latvia to airBaltic. It also decided that a revolving credit facility ...
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