EU Approves State Interventions For Portugal's SATA, AirBaltic
Credit: Joe Pries
The European Commission (EC) has approved €453.25 million ($484 million) in restructuring aid for Portuguese leisure carrier SATA Air Açores, as well as a €33.4 million recapitalization for Latvian carrier airBaltic, to avoid possible default and insolvency. Speaking about the SATA aid, the EC said...
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