EU approves ITA and orders Alitalia to repay € 900 million of illegal state aid


Alitalia planes are seen at Fiumicino International Airport apron as talks between Italy and the European Commission over the refurbishment of Alitalia are scheduled to enter an important stage in Rome, Italy on April 15, 2021. Can be done. (Remo Casilli / Reuters)

Brussels — On Friday, EU competition regulators issued a green light to Alitalia’s successor, Italia Trasporto Aereo (ITA), and ordered the Italian flagship company to repay € 900 million ($ 1.1 billion) of illegal state aid. I did.

The European Commission said Italy’s injection of € 1.35 billion into ITA over the next three years is in line with EU national aid regulations as it depends on market conditions.

ITA operates on less than half of Alitalia’s aircraft and is permitted to take over only a limited portion of its predecessor’s handling and maintenance operations. The Alitalia brand will be sold in open bids.

($ 1 = 0.8443 euros)

Reuters

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