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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Europe Approves State Aid To SAS, AirBaltic And Adria Airways".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.