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19 November 2018 The on-line newspaper devoted to the world of transports 08:04 GMT+1



April 23, 2018

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The EU commission starts an investigation on the loan bridge of 900 million euros that the Italian State has granted to Alitalia

Ulterior assessments in order to verify if the loan it constitutes an aid of prohibited State or satisfy the conditions previewed from the guidelines for the rescue loans

The EU commission has started a groundbreaking investigation in order to estimate if the loan bridge of 900 million euros that Italy has granted to the airline Alitalia constitutes an aid of prohibited State or if it is in compliance with the norms of the EU in matter of aids to the enterprises in difficulty.

The investigation is centralized on the loan of 600 million euros granted last May and on the ulterior loan of 300 million euros distributed last October from the Italian State to the company, than on May 2, 2017 it is placed in extraordinary administration after a year it makes the staff of Alitalia had rejected a plan that previewed the cut of the costs and the shareholders therefore had decided not to supply ulterior financings to the enterprise.

Last January Italy has notified the entire loan of 900 million euros as aid for the rescue, according to the norms EU in matter of aids of State, in particular of the guidelines on the aids for the rescue and the restructure. The EU commission has remembered that such notification has made followed to a series of denunciations that the Commission has received in 2017 in which it was supported that the loan constituted an aid of incompatible State with the enforced norms EU.

The EU commission, specifying that at the moment it is of the opinion that the state loan constitutes an aid of State, has specified that the ulterior announced assessments today will be faces to verify if the loan satisfies the conditions previewed from the guidelines. In particular, the Commission is worried that the duration of the loan, that goes from May 2017 until at least to December 2018, exceeds the maximum duration of six months previewed from the guidelines for the rescue loans. Moreover the Commission nutre fears on the fact that the necessary aid not limits lessened.

"It is task of the Commission - Margrethe Vestager has remembered, responsible commissioner for competition - to guarantee that the loans who the Member States grant to the enterprises are consistent to the norms of the EU in matter of aids of State. We will verify if the granted loan to Alitalia is in compliance with such norms".

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