SATA state support approved but probe continues into earlier

SATA state support approved but probe continues into earlier measures


By David Kaminski-Morrow2021-05-05T08:13:00+01:00
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended.
European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for pandemic-related travel restrictions over March-June last year, plus a further €255.5 million in additional liquidity.
Any public support in excess of the damage will need to be returned to the government, the Commission states.
The government is intending additionally to grant €122.5 million to SATA – through public loans or a guarantee – to address urgent liquidity needs until the end of November this year, on top of a €133 million liquidity-support package cleared by the Commission in August last year.

Related Keywords

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