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Europe Daily Bulletin No. 12788

11 September 2021
ECONOMY - FINANCE / State aid
Italian loans worth 900 million euros to Alitalia constitute illegal aid, according to European Commission
Brussels, 10/09/2021 (Agence Europe)

The European Commission concluded on Friday 10 September that two loans worth 900 million euros granted by the Italian State to Alitalia in 2017 were illegal under EU State aid rules. Italy must therefore recover the illegal State aid, plus interest, from the company.

Alitalia, an Italian airline, has been loss-making since 2008. In 2017, the company was in urgent need of liquidity, but had lost access to credit due to its deteriorated financial situation. To enable it to continue its...

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