October 29, 2020

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The European Commission approves a € 200 million grant for Alitalia

The European Commission approves a € 200 million grant for Alitalia

“At the same time, we will continue to investigate previous support measures for Alitalia,” said EU Commissioner Vestager. It relates to the loans Italy granted to Alitalia before the corona crisis, of € 900 million in 2017 and a further € 400 million in 2019.

Alitalia recently became a state-owned company again. A restructuring plan is currently being worked behind the scenes in which, according to the Italian media, the company will downsize and order new, more energy-efficient aircraft (Airbus A320neos, A220 and Boeing 787).

That will cost a lot of money: The Italian state therefore wants to pump another three billion euros into Alitalia. This has yet to be submitted to the European Commission.

In Northern Europe, the plans have led to some surprises. Italy campaigned hard for (and received) tens of billions of euros in European aid this summer, but continues to invest in an airline that has been losing money for decades.