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Europe Daily Bulletin No. 13150

28 March 2023
Contents Publication in full By article 17 / 33
ECONOMY - FINANCE - BUSINESS / State aid
European Commission concludes 2019 Italian loan worth €400 million to Alitalia is illegal aid
Brussels, 27/03/2023 (Agence Europe)

On Monday 27 March, the European Commission concluded that a €400 million state loan granted by Italy in 2019 to Alitalia Società Aerea Italiana S.p.A. and its wholly-owned subsidiary, Alitalia CityLiner S.p.A., was illegal under EU State aid rules.

Italy must recover the illegal State aid, plus interest, from Alitalia.

In May 2017, Alitalia was placed into special bankruptcy proceedings. Italy granted the company loans of €900 million (split into two loans) and €400 million in...

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