EU Okays ITA, Orders Alitalia to Repay 900 Mln Euros Illegal State Aid

  • 9/10/2021
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EU competition regulators on Friday gave the green light to Alitalias successor Italia Trasporto Aereo (ITA) and also ordered the Italian flag carrier to repay 900 million euros ($1.1 billion) in illegal state aid. The European Commission said a 1.35 billion euro capital injection by Italy into ITA over the next three years is in line with EU state aid rules as it will be done according to market conditions, reported Reuters. ITA will operate with less than half of Alitalias fleet of aircraft and will only be allow to take over limited parts of its predecessors handling and maintenance businesses. Alitalias brand will be sold in an open tender.

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