STATE AID: COMMISSION APPROVES €62 MILLION ROMANIAN LOAN GUARANTEE TO COMPENSATE BLUE AIR FOR DAMAGE SUFFERED DUE TO CORONAVIRUS OUTBREAK AND PROVIDE THE AIRLINE WITH URGENT LIQUI...

  The European Commission has approved, under EU State aid rules, a Romanian loan guarantee of up   to around €62 million (approximately RON 301 million) in favour of Romanian airline Blue Air. The   measure aims at compensating the airline for the damages suffered due to the coronavirus outbreak, as   well as providing it with urgent liquidity support. The measure was approved partly based on Article   107(2)(b) of the Treaty on the Functioning of the European Union (TFEU) and partly under the   Commission's 2014 Guidelines on State aid for rescue and restructuring.

  For more info click here.