State aid: Commission finds new air carrier ITA is not Alitalia's economic successor and Italy's capital injections into ITA are market conform* The European Commission has found that Italia Trasporto Aereo S.p.A. (“ITA”) is not the economic successor of Alitalia and, hence, it is not liable to repay illegal State aid received by Alitalia. It also found that Italy's capital injections of €1.35 billion into the new company are in line with market conditions, and therefore do not amount to State aid under EU rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Italy has demonstrated that there is a clear break between Alitalia and the new airline ITA, and that its investment in ITA is in line with terms that a private investor would have accepted.
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The EU Commission finds that a new Italian airline company is not an economic successor and therefore is not liable to repay an illegal State aid received by another national air carrier (ITA / Alitalia)
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