The European Commission on Monday approved Italy’s €800 million (US$944.4 million) State aid scheme to compensate airports and ground-handling operators following the impact of the COVID-19 pandemic on travel.
The compensation, in the form of direct grants, covers the period of March 1 to July 14, 2020. “Airports are among the companies that have been hit particularly hard by the coronavirus outbreak,” the Commission’s Executive Vice-President Margrethe Vestager said in a statement.
“This 800 million euro scheme will enable Italy to compensate them for the damage suffered,” she said.
The Commission, the EU competition enforcer, has enabled more government aid since March 2020 to make it easier for companies hit by the COVID-19 pandemic to receive support.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
