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Volare: European Union gave the green light to State aid

Brussels, Belgium - The European Commission said it in a press release

"The European Commission has authorized, today, EUR 25 million of State aid for Volare. This short term aid has the aim to save the carrier by bankruptcy and allow it to make steps necessary to continue to operate. The help is in a warranty for EUR 25 million by Italian Government that the society can use to obtain credits of equal sum by banks. The help is conform to five principles established in...

fra/pec - 137154
Rome, Italy, 03/08/2006 15:10
AVIONEWS - World Aeronautical Press Agency

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