CASE COMMENT: STATE AIDS - RESCUE AID

Restructuring plan: The European Commission gives approval to rescue aid in the form of a bridging loan to put in place a restructuring plan (Alitalia)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. EC Comm, 20 July 2004, Italy - Urgent measures in support of the restructuring and relaunch of Alitalia (rescue aid), case N 279/2004 Alitalia has been attracting the attention of the European Commission for almost ten years and it is worth recalling a few points of reference here. Following an in-depth investigation, the Commission in 1997 declared a recapitalisation programme of the company (approximately 1.5 billion ) compatible with the common market, while imposing numerous commitments. The Commission made the release of two of the three tranches of the planned recapitalisation conditional on compliance with these commitments and on the

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  • Sheppard, Mullin, Richter & Hampton (Brussels)

Quotation

Jacques Derenne, Restructuring plan: The European Commission gives approval to rescue aid in the form of a bridging loan to put in place a restructuring plan (Alitalia), 20 July 2004, Concurrences N° 1-2005, Art. N° 1475, p. 91

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