The EU Commission approves €119.3M in French restructuring aid for an airline and €17.5M in compensation for damage suffered as a result of the coronavirus pandemic (Air Austral)

State aid: Commission approves EUR 119.3 million French restructuring aid for Air Austral and EUR 17.5 million compensation for damage suffered as a result of the coronavirus pandemic* The European Commission, pursuant to the EU rules on State aid, has authorised France's plan to pay (i) restructuring aid of EUR 119.3 million to enable the airline Air Austral to return to viability; and (ii) EUR 17.5 million in aid to compensate the company for damage suffered as a result of the coronavirus pandemic between 17 March and 30 June 2020. Set up in October 1990 and based on Réunion, Air Austral is a French airline company that ensures territorial continuity between Réunion, and other neighbouring islands in the Indian Ocean (Mayotte in particular) and mainland France. With a fleet of eight