Alitalia state aid
WebJun 5, 2024 · Under EU state aid rules, there needs to be economic discontinuity between ITA and Alitalia for Brussels to allow Rome to inject the funds into the new carrier. ($1 = 0.8220 euros) (Reporting by ... WebMar 29, 2024 · It is not the first time Alitalia receives financial support. In December 2024, the EU Commission gave a green light to €73 million state aid arguing that the Italian aid was proportionate to significant operating losses which the airline suffered on 19 routes during four months between June 16 and October 31, 2024, due to the COVID-19 …
Alitalia state aid
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WebJan 24, 2024 · On its statement in September 2024, the European Commission insisted that two state loans amounting to €900 million granted by Italy to Alitalia in 2024 were illegal under EU State aid rules. “Italy must therefore recover the illegal state aid, plus interest, from Alitalia,” the EU executive stated. 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 …
WebMar 26, 2024 · BRUSSELS, March 26 (Reuters) - The European Commission has approved 24.7 million euros ($29 million) of Italian state aid for Alitalia to compensate the airline for losses suffered during the... WebSep 10, 2024 · BRUSSELS/MILAN, Sept 10 (Reuters) - EU competition regulators on Friday gave the green light to a slimmed down successor to Alitalia and said the new state …
WebSep 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 … WebApr 4, 2024 · Maps and applications. Bridge info interactive map. Bridge reports and Structure Information Management System (SIMS) MFT workspace. MnMAP gallery - …
WebApr 11, 2024 · The Council of State also pointed out that, in these circumstances, even potential benefits to the system in terms of quality or innovation might not be enough to justify the abusive conduct. European Union. A. European Commission. 1. European Commission finds that 2024 € 400 million state loan to Alitalia is state aid. jbs foods ransomware attackWebMar 29, 2024 · An Italian air carrier Alitalia is about to receive €24.7 million as an additional support measure from the government of Italy to mitigate financial damages the airline … luther roofingWebMar 27, 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 … jbs foods riverviewWebamount €900 million, granted by Italy to Alitalia in 2024, are illegal under EU State aid rules. EU State aid rules provide that a new company acquiring the assets of another company is not liable for past aid received by the seller, if the two companies are sufficiently different from one another - in other words, if there is “economic ... luther romans commentaryWebMar 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. luther romeinenWebSep 9, 2024 · The European Commission on Thursday said it has not yet ruled on 900 million euro ($1.06 billion) in Italian state aid granted to Italian airline Alitalia. jbs foods rockhamptonWebDec 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. luther roscovitz