EU Commission approves Italy's 800m euro airport support scheme

World | 27 Jul 2021 7:24 am

The European Commission on Monday approved Italy's 800 million euro state aid scheme to compensate airports and ground-handling operators following the impact of the pandemic on travel, Reuters reports.

The compensation, in the form of direct grants, covers the period of March 1 to July 14, 2020.

"Airports are among the companies that have been hit particularly hard by the coronavirus outbreak," the Commission's Executive Vice-President Margrethe Vestager said in a statement.

"This 800 million euro scheme will enable Italy to compensate them for the damage suffered," she said.

The Commission, the EU competition enforcer, has enabled more government aid since March 2020 to make it easier for companies hit by the  pandemic to receive support.

 



Search Archive

Advanced Search
September 2021
S M T W T F S

Today's Standard