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Brussels opens inquiry into measures in favor of Slovenia’s Adria Airlines

Nov 20, 2012, 6:17:40 PMArticle by Nina Byalkova
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November 20 (SeeNews) - The European Commission said on Tuesday it has opened an in-depth investigation to verify whether a number of public support measures in favour of Slovenian airline Adria Airways are in line with EU state aid rules.

Brussels opens inquiry into measures in favor of Slovenia’s Adria Airlines

The measures include four capital injections between 2007 and 2011 amounting to around 85.5 million euro ($109.5 million), the Commission said in a press release. They were carried out either directly by Slovenia or through state-owned holding company Posebna družba za podjetniško svetovanje or its predecessor Kapitalska druzba.

“The Commission will now investigate whether one or more of the identified measures constitute state aid in the meaning of EU rules, i.e. if they have procured an economic advantage to Adria Airways over its competitors in the EU Single Market,” EC said. “In the affirmative, the Commission will investigate whether they can be found compatible with EU state aid rules that allow certain categories of aid,” EC added.

($=0.7808 euro)

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