European Commission authorized what it called "rescue aid" for Austrian Airlines Group in the form of a €200 million ($265.2 million) loan facility guaranteed by Austrian state holding company OIAG. The EC said the loan was issued at market rates and the amount was limited to what is needed to maintain the company ahead of its privatization (ATWOnline, Dec. 8, 2008). "The decision deals only with a short-term measure to tackle liquidity problems that Austrian Airlines has encountered ...

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