The EFTA Surveillance Authority approves aid scheme for Icelandic aviation academies or losses resulting from COVID-19 restrictions

COVID-19: ESA approves aid scheme for Icelandic aviation academies*

The EFTA Surveillance Authority (ESA) has today approved an Icelandic scheme that compensates aviation academies for losses resulting from COVID-19 restrictions.

The objective of the scheme is to ensure access to liquidity for aviation academies that have experienced an income loss in the period March 2020 to June 2022 as a consequence of COVID-19-related measures introduced by the Icelandic authorities.

Flight training in Iceland was significantly affected by the pandemic measures put in place, and by the drop in the number of flights. Aviation academies experienced a significant drop in applications in addition to students postponing their studies and requesting repayments of school fees. The combination of all this led to financial hardship for the aviation academies.

The scheme sets out several conditions for receiving grants.

The scheme is approved in line with the European Commission’s Temporary Framework for state aid measures to support the economy in the current COVID-19 outbreak.

You can read ESA’s decision here.

*This is the original title of the press release. The title above has been amended in order to match the e-Competitions format. Individual authors are welcome to provide original independent commentaries on the case law. Articles are subject to approval by the Board of e-Competitions Bulletin before publication based on the Editorial Policy (click here).

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EFTA Surveillance Authority, The EFTA Surveillance Authority approves aid scheme for Icelandic aviation academies or losses resulting from COVID-19 restrictions, 13 June 2022, e-Competitions June 2022, Art. N° 107153

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