The European Commission said it opened a formal investigation "under EU state aid rules" into the restructuring plan of Czech Airlines to examine whether it "is suitable to restore the company's long-term viability and whether the proposed reduction in activities will be sufficient to offset the distortive effect of the aid it received." According to EC, the measures to be examined include a loan of CZK2.5 billion ($138.9 million) granted by state-owned Osinek ...

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