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EU To Investigate State Aid To JP And BT

Wed Nov 21, 2012 10:46 am

Good afternoon,

'Government aid for Slovenia’s Adria Airways d.d. and Latvia’s AirBaltic AS faces European Union probes over concerns that state support wasn't granted on market terms.'

They will investigate a total sum of €85.5 million given to Adria of Slovenia, and $109.6 million given to airBaltic by the Latvian government.

“Adria Airways believes that all capital boosts in the period 2007-2011 for the company and its units don’t represent state aid” because all transactions were made on the same terms as a private investor, the Brnik, Slovenia-based company said in an e-mail. Adria will “offer unlimited help and support to all involved in order to prove the necessity of measures being probed.”

The EU just concluded that state aid to the Polish national carrier LOT was in line with EU regulations. Let's hope for the same verdict when it comes to Adria and airBaltic.

Full article here: