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Image header Agence Europe
Europe Daily Bulletin No. 10693
Contents Publication in full By article 24 / 27
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Czech Airline 2010 aid complies with EU rules

Brussels, 20/09/2012 (Agence Europe) - On 19 September, the European Commission authorised restructuring aid for state-owned Czech Airlines in the form of a 2.5 billion Czech crown (€100 million) debt-to-equity swap loan from the state-owned company Osinek. The Commission says the aid complies with EU state aid rules. Its investigation, launched in February 2011, showed that the revised five-year restructuring plan is based on reasonable assumptions and should enable the airline to return...

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