The European Commission has ruled that the € 6.8 million Greek aid measure to support Ellinair is in line with EU state aid rules.
This measure aims to compensate the airline for the damage suffered during the period from March 18 to June 30, 2021 due to the coronavirus pandemic and travel restrictions imposed by Greece and other countries to limit the spread of the virus.
As a result, the airline experienced a sharp drop in traffic and profitability during this period. The aid will take the form of a direct grant. The Commission has assessed the measure in accordance with Article 107 (2) (b) of the Treaty on the Functioning of the European Union (TFEU), which allows the Commission to approve State aid measures granted by Member States to compensate specific companies or sectors for damage caused directly by emergencies.
The Commission considers that the coronavirus pandemic is characterized as such an emergency, as it is an emergency, an unforeseen event with a significant economic impact. The Commission found that the Greek measure would compensate for damage directly linked to the coronavirus pandemic.
At the same time, he found that the measure is proportionate, as the compensation does not exceed what is necessary to repair the damage. The Commission therefore concluded that the compensation measure complied with EU State aid rules.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
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