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By David Kaminski-Morrow2020-12-14T12:53:00+00:00 Azorean carrier SATA Air Acores is facing the prospect of substantial restructuring after European regulators declared that a previous government’s capital injections to the company amounted to illegal state aid. The Portuguese archipelago’s secretary for finance, Joaquim Bastos e Silva, has disclosed during a legislative assembly that nearly €73 million ($89 million) in support – put in place during 2017-20 – breached European Union rules, because prior approval was not obtained. “SATA must return this huge amount to the [region...

Brussels considers aid for Azores airline illegal By TPN/Lusa, in Regional · 13-12-2020 16:00:00 · 0 Comments The European Commission has found that the capital increases made to the Azores carrier SATA were illegal and the company has to return €73 million to the region, the Azorean government's secretary of finance announced. During the debate on the Government Programme, taking place in the Azorean Parliament in Horta, Ba...