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Europe Daily Bulletin No. 9924

19 June 2009
Contents Publication in full By article 23 / 36
GENERAL NEWS / (eu) eu/state aid
Commission approves aid to Volvo Aero Corporation for GEnx aeroengine component R&D

Brussels, 18/06/2009 (Agence Europe) - On Thursday 18 June, the European Commission authorised a repayable advance of SEK 304 million (approx. €33 million) that Sweden intends to grant to Volvo Aero Corporation for the research and development (R&D) of GEnx aircraft engine components. The GEnx engine is being developed by General Electric for the Boeing B787 and B747-8 aeroplanes. After an in-depth investigation, launched in July 2008, the Commission found that the project complies with...

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