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Image header Agence Europe
Europe Daily Bulletin No. 10800
ECONOMY - FINANCES - BUSINESS / (ae) state aid

Detailed investigation into aid for Cyprus Airways

Brussels, 06/03/2013 (Agence Europe) - On 6 March, the European Commission opened an investigation into state aid for Cyprus Airways, fearing that it fails to comply with EU state aid rules. The aid in question was a cash injection in January 2013 to which the state is reported to have provided €31.3 million but the private sector very little as private investors feel the company is not on a sound footing. The state is reported to have provided the aid in conditions that a private operator...

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