European Commission approves 800 million euro scheme to support Italian airports
The European Commission has approved 800 million euro Italian scheme to compensate airports and ground-handling operators hit by the Covid-19 pandemic.
The funding, approved under the EU State aid Temporary Framework, will be given in the form of direct grants.
These grants will be open to all airports and ground-handling operators holding a valid operating certificate from the Italian civil aviation authority
According to the European Commission, this scheme aims to compensate the airports and ground-handling operators for the damage caused from 1 March to 14 July last year due to the Covid-19 outbreak, as well as the travel restrictions implemented by Italy and other countries to limit the spread of the virus.
European Commission executive vice-president Margrethe Vestager said: “Airports are among the companies that have been hit particularly hard by the coronavirus outbreak. This €800 million scheme will enable Italy to compensate them for the damage suffered as a direct result of the travel restrictions that Italy and other countries had to implement to limit the spread of the virus. We continue working in close cooperation with member states to find workable solutions to mitigate the economic impact of the coronavirus outbreak, in line with EU rules.”
The Commission also approved a 525.3 million euro German aid package for airline Condor in the context of the Covid-19 crisis.
From the EU Commission