Brussels, 24/02/2011 (Agence Europe) - On Wednesday 23 February, the European Commission opened a formal investigation to examine whether the measures submitted to it in the restructuring plan of Czech Airlines comply with EU rescue and restructuring guidelines. The measures at issue consist of a loan of CZK 2.5 billion (around €94 million) granted by the state-owned undertaking Osinek under allegedly preferential conditions, its later de-collateralisation and transformation into equity...