On Monday, 4 January, the European Commission approved Germany’s plan to contribute up to a maximum of €1.25 billion to the recapitalisation of TUI AG (TUI) as part of a wider support package. This measure was approved under the Temporary Framework for State aid measures in the context of Covid-19.
Margrethe Vestager, the executive vice-president in charge of competition policy, declared that the State will be sufficiently remunerated within the framework of this aid for the risk...