14-Dec-2020 4:34 AM
State aid: Commission approves €106.7 million restructuring aid and €30.2 compensation for damages s
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The European Commission has approved, under EU State aid rules, two French measures in favour of Corsair, an airline active in passenger and cargo transport mainly to French overseas territories. The first measure consists in €106.7 million of restructuring aid for the company. The second measure, with a budget of €30.2 million, aims to compensate the company for damage suffered due to emergency measures put in place by governments in the context of the coronavirus outbreak.
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This press release was sourced from European Commission on 11-Dec-2020.