The European Commission on Monday approved a €52 million ($71 million) loan from the Maltese government to Air Malta to keep the struggling airline afloat while it works on its restructuring plan (ATW Daily News, Nov. 11).
The European Commission on Monday approved a €52 million ($71 million) loan from the Maltese government to Air Malta to keep the struggling airline afloat while it works on its restructuring plan (ATW Daily News, Nov. 11). The temporary state aid is in line with EU regulations, competition authorities said. EC VP-Competition Joaquin Almunia explained that it is intended to “avoid a sudden disappearance of the airline, which would lead to serious disturbances in the Maltese ...
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