The EU Commission approves €106.7 million restructuring aid and €30.2 compensation for damages suffered due to coronavirus outbreak in favour of French airline (Corsair)

State aid: Commission approves €106.7 million restructuring aid and €30.2 compensation for damages suffered due to coronavirus outbreak in favour of French airline Corsair* The European Commission has approved, under EU State aid rules, two French measures in favour of Corsair, an airline active in passenger and cargo transport mainly to French overseas territories. The first measure consists in €106.7 million of restructuring aid for the company. The second measure, with a budget of €30.2 million, aims to compensate the company for damage suffered due to emergency measures put in place by governments in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Corsair was in financial difficulties, which were aggravated

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European Commission, The EU Commission approves €106.7 million restructuring aid and €30.2 compensation for damages suffered due to coronavirus outbreak in favour of French airline (Corsair), 11 December 2020, e-Competitions Competition Law & Covid-19, Art. N° 98352

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