EU approves state aid to Air Berlin

The European Union competition watchdog has approved Germany's plan to provide troubled low-cost carrier Air Berlin with a €150m loan.

EU approves state aid to Air Berlin
Mon, 04 Sep, 2017 - 15:10

The European Union competition watchdog has approved Germany's plan to provide troubled low-cost carrier Air Berlin with a €150m loan.

The European Commission, which polices EU state aid rules, said the loan "will allow for the orderly wind-down of the insolvent airline Air Berlin without unduly distorting competition".

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