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Europe Daily Bulletin No. 9147

9 March 2006
Contents Publication in full By article 15 / 29
GENERAL NEWS / (eu) eu/state aid/transport
Commission authorises EUR 25 million to save Volare from bankruptcy

Brussels, 08/03/2006 (Agence Europe) - On 8 March, the European Commission authorised rescue aid for Italian airline Volare Airlines SpA. The aid consists of a EUR 25 million guarantee from the Italian Government which the airline will be able to use to obtain credit for that amount from the banks. This short-term aid is intended to rescue the firm from bankruptcy and allow it to take steps to continue operating. The Commission considers the Italian aid is acceptable as it meets criteria set...

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