Browsing Tag
state aid
44 articles
Topics related to government financial support provided to airlines or other entities within the aviation industry.
Ryanair welcomes legal victory against Air France-KLM state bailouts
Ryanair has welcomed a judgment made by the European General Court to overturn a decision to allow billions…
South African Airways is allocated R1 billion bailout to settle outstanding arrears
South Africa’s flag carrier South African Airways (SAA) is to receive a R1 billion ($53 million) bailout from the…
Kenyan government to drop Kenya Airways bailout support by end of 2023: Report
The Kenyan government has unveiled plans to drop bailout support for Kenya Airways (KQ) by December 2023, introducing…
Air France-KLM repays €1bn of outstanding state-backed loan
Air France-KLM announced the early repayment of €1 billion of the €3.5 billion outstanding on its French state-backed…
Russia allocates $238 million of state aid to airlines to cover flight refunds
The Russian government will allocate $238 million of state aid to its airlines to cover refunds for passengers…
TAP Air Portugal posts $1.74 billion loss in 2021
TAP Air Portugal recorded a $1.74 billion annual loss in 2021, the airline’s chief executive announced at a…
Berlin Brandenburg airport to receive €1.7 billion state aid
The German government has secured European Commission approval to provide Berlin Brandenburg Airport with €1.7 billion ($1.9 billion)…
Israel agrees on additional aid package for El Al Airlines
Israel’s government has agreed to provide additional financial aid to El Al Airlines to help mitigate losses caused…
Austrian Airlines repays another $34M from COVID-19 state loan
Austrian Airlines will repay another €30 million ($34 million) in state loans received during the COVID-19 pandemic, the carrier announced…
Growing more confident, Lufthansa repays $1.7B in government aid
Lufthansa (LHAB) (LHA) is growing more confident about the future, it said after announcing it has repaid €1.5…
Regional arm of Spanish Iberia to receive €9 million state aid
The European Commission gave a green light to the government of Spain to financially support Air Nostrum, the…
Lufthansa to repay €9 billion of state aid, Group CEO hints
The largest German air carrier Lufthansa (LHAB) (LHA) aims to repay €9 billion of state aid before the…
South African Airways‘ rescue plan priced at $580 million
As part of an ongoing restructuring process and effort to salvage South African Airways and maintain the airline…
Ryanair secures $726 million off UK government loan program
According to an article published on Bloomberg, Ryanair is set to increase its cash position with an additional…
Ryanair gloats Court’s ruling to tear off bailout of two rivals
The EU General Court sided with Ryanair and ruled against government aid to Air France-KLM and TAP Air…
Trudeau grants Air Canada relief package worth $4.6B
On April 12, 2021, Air Canada (ADH2) reached an agreement with the country’s government to enter into a…
Another lifeline for Alitalia: EU approves €24.7 million state aid
An Italian air carrier Alitalia is about to receive €24.7 million as an additional support measure from the…
Good news for US airlines: $14 billion bailout and no domestic testing
The United States lawmakers approved a $14 billion bailout package to support the country’s airlines and their workers…