EU approves £80m loan for Sabena

The European Union has approved the Belgian government's plan to give Sabena airlines a short-term loan of £80m.

EU approves £80m loan for Sabena
Wed, 17 Oct, 2001 - 14:15

The European Union has approved the Belgian government's plan to give Sabena airlines a short-term loan of £80m.

Transport Commissioner Loyola de Palacio says the one-month emergency credit worth about £80m does not contravene competition rules.

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CourtsHeathrowPlace: USPlace: IrelandPerson: Transport CommissionerPerson: Loyola de PalacioPerson: de PalacioOrganisation: EUOrganisation: SabenaOrganisation: European UnionOrganisation: Belgian governmentOrganisation: Sabena airlinesOrganisation: European CommissionOrganisation: RyanairOrganisation: Swissair
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