The European Commission approved, on 3 July, a €250 million Latvian measure to recapitalise airBaltic in the context of the Covid-19 pandemic. The scheme has been authorised under the State Aid Temporary Framework.
For Margrethe Vestager, Executive Vice President in charge of competition policy, the measure “ensures that the State is sufficiently remunerated for the risk taxpayers assume, and that the support comes with strings attached, including a dividend ban as well as further...