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Image header Agence Europe
Europe Daily Bulletin No. 10042
Contents Publication in full By article 25 / 30
GENERAL NEWS / (eu) eu/state aid/germany

16/12/2009 (Agence Europe) - On Tuesday 15 December, the European Commission authorised Germany to give €33.8 million of R&D support to Diehl Aircabin, for the experimental development of aircraft-cabin linings and air ducts. Each of the two projects would receive one repayable advance of €14.7 and €10.9 million respectively and one regular loan of €4.7 million and €3.5 million respectively at market-interest rates. The Commission found the repayable advances compatible with the EU Framework for state aid for research and development and innovation. In particular, the aid addresses a specific market failure of the private capital market, is appropriate, and is limited to the minimum necessary. The loans are granted on market terms and do not constitute state aid. (O.L.)

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