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Europe Daily Bulletin No. 11427

10 November 2015
Contents Publication in full By article 11 / 22
ECONOMY - FINANCE / (ae) state aid
Estonian Air must repay around €85 million to State

Brussels, 09/11/2015 (Agence Europe) - On Saturday 7 November, the European Commission announced that it had reached the conclusion that Estonian aid in favour of its national airline, Estonian Air, had given the company an undue advantage, in breach of EU rules.

Estonian Air must therefore pay back the aid it received which, according to the information provided by the Commission, stands at around €85 million (plus interest) and it will not be entitled to receive additional restructuring...