Sunday, July 21, 2024

EU APPROVES €10.4 BLN IN GOVERNMENT AID FOR AIR FRANCE-KLM

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PARIS, July 11 (Bernama-dpa) — The European Commission on Wednesday approved Dutch and French support measures totalling €10.4 billion for Air France-KLM, as reported by German news agency dpa.

The Commission initially approved the aid in May and July 2020 under the state aid COVID Temporary Framework.

However, it was annulled by the General Court in December 2023 and February 2024.  The court ruled that “the Commission erred in considering Air France and KLM to be the sole beneficiaries of respectively the French and Dutch State aid measures.”

“In the present decision, the Commission has re-assessed the measures with the Air France-KLM Group as the beneficiary of both the French and Dutch measures and come to the conclusion that they would also be compatible with the Covid Temporary Framework or directly with the Treaty”, the Commission said.

Air France-KLM welcomed the new decision but noted that it has no impact on the appeals lodged by the European Commission, Air France, KLM, and Air France-KLM against the judgments of the General Court of the EU.

“The Court of Justice of the European Union has still to decide on these appeals,” the company said.


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