Tag: The European Commission

Commission approves Dutch plans to provide €3.4 billion in urgent liquidity support to KLM

Commission approves Dutch plans to provide €3.4 billion in urgent liquidity support to KLM

The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM to provide urgent liquidity to the company in the context of the coronavirus outbreak. The measures were approved under the...

European Commission Approves airBaltic Equity Increase of 250 Million Euro

The European Commission on July 3, 2020, under EU State aid rules, has approved the Latvian government's investment of €250 million into the equity of the Latvian airline airBaltic to contribute to overcome the economic crisis caused by COVID-19 and resume growth. The European Commission points...

ASA & ACA Joint Statement on New Commission Guidelines to Resume Travel

The European Commission has released its guidelines to help Member States gradually lift travel restrictions and allow tourism and aviation businesses to reopen. On behalf of the Airline Catering Association (ACA) and the Airport Services Association (ASA), Fabio Gamba, the Managing Director ...

Commission approves €455 million Swedish guarantee scheme to support airlines

The European Commission has approved a Swedish loan guarantee scheme to support airlines affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Executive Vice-President Margre...

.