The EU Commission approves €453.25M Portuguese restructuring aid in favour of a regional air carrier (SATA Group)

State aid: Commission approves €453.25 million Portuguese restructuring aid in favour of SATA Group* The European Commission has approved, under EU State aid rules, Portugal's plans to grant air carrier SATA Air Açores (‘SATA') restructuring aid for a total amount of €453.25 million. The measure will enable the company to finance its restructuring plan and restore its long-term viability. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The measure we approved today will ensure the territorial continuity of the Azores islands with mainland Portugal and the European Union, while allowing the return to viability of its regional air carrier SATA. At the same time, the aid will enable SATA to reorganise its activity, by improving operations and schedules,

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European Commission, The EU Commission approves €453.25M Portuguese restructuring aid in favour of a regional air carrier (SATA Group), 7 June 2022, e-Competitions June 2022 - II, Art. N° 106996

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