Independent journal on economy and transport policy
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The EU Commission declares illegal the loans for 900 million euros granted to Alitalia
Vestager: they gave Alitalia an unfair advantage over its competitors
September 10, 2021
The last tile on Alitalia's head is the announcement today of the European Commission to have concluded, at the end of an investigation launched on 23 April 2018, which the two loans for total of about 900 million euros that Italy has granted to Alitalia in 2017 constitute illegal aid under the rules EU state aid. Italy will therefore have to recover from Alitalia such aid increased by interest. The loans - explained Margrethe Vestager, vice-president of the Commission and Responsible for Competition Policy - 'have given Alitalia an unfair advantage over the its competitors" and - he added - "they will have to then be recovered from Italy at Alitalia, to contribute to restoring a level playing field in the sector European Aviation'.
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