European Commission authorized a €25 million ($29.9 million) six-month guarantee from the Italian government to ailing Volare Airlines. "This short-term aid is intended to rescue the firm from bankruptcy and allow it to take steps to continue operating," the EC said, noting that Volare will be able to use the guarantee to obtain credit for that amount from banks. The airline, part of Volare Group, went into extraordinary administration on Nov. 30, 2004, and recommenced flights June ...

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