Brussels, 20/06/2002 (Agence Europe) - The German aircraft manufacturer, Fairchild Dornier, which is in a state of insolvency, has received the Commission's clearance to benefit from a State guarantee granted by Germany to a bank loan of around EUR 94 million. In April 2002, Germany had notified the Commission of its intention to grant a 50% loan guarantee for three months on a loan put together by a consortium of banks in order to allow the company to survive pending support from a financial partner. The Commission examined the aid according to the guidelines for aid to the rescue and restructuring of companies in difficulty. The text authorises the granting of "exceptional" aid for a company in difficulty "during the period needed to devise a restructuring or a liquidation plan". The Commission considers that the aid meets the conditions and Germany has, for its part, undertaken to communicate a restructuring plan for Fairchild Dornier within the next six months.