The EFTA Surveillance Authority approves amendments to grant scheme for Norwegian traders of package travels due to the COVID-19 pandemic

COVID-19 pandemic: ESA approves amendments to grant scheme for Norwegian traders of package travels*

The EFTA Surveillance Authority (ESA) has today approved amendments to a Norwegian scheme that provides access to liquidity for tour operators offering package holidays.

The package-holiday industry has experienced severe financial difficulties following the decline in demand caused by the COVID-19 outbreak.

The scheme, which offers direct grants to traders of package travels in Norway, was first approved on 26 June. The aid scheme came as a supplement to the previously approved state-subsidized loan scheme for package travel traders that ESA approved in May this year.

The Norwegian authorities now deem it appropriate to amend the maximum amount of direct grants available to each tour operator. The amended scheme allows for direct grants to constitute maximum 60% of the refund claims, instead of 80% of refunds as laid out in the original scheme. The overall budget of the scheme will be NOK 195 million (EUR 18 million).

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 amendments to grant scheme for Norwegian traders of package travels due to the COVID-19 pandemic, 3 December 2020, e-Competitions Competition Law & Covid-19, Art. N° 98289

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