The European Commission has decided to prolong until 31 December 2021 the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Commission has also decided to expand the scope of the Temporary Framework by increasing the ceilings set out in it and by allowing the conversion of […]
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The European Commission has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged […]
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The European Commission has approved, under EU State aid rules, a €800 million Greek scheme to support companies active in tourism affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €800 million Greek scheme will facilitate access to liquidity for companies […]
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The European Commission has approved a €21 million Greek scheme to support operators of tourist buses and trains affected by the coronavirus outbreak. The measure was approved under the State aid Temporary Framework. The support, which will take form of direct grants, is intended to mitigate the impact on the beneficiaries of the restrictive measures […]
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The European Commission has approved German plans to contribute up to €1.25 billion to the recapitalisation of TUI AG (TUI), the parent company of the TUI Group, as part of a wider support package. The measure was approved under the State aid Temporary Framework. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “As many other companies […]
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ACI Europe today called on the European Commission to urgently adopt an EU Recovery Framework for Aviation and for Governments to provide the requisite funding to support airports – and the recovery of air connectivity. With close to 200 airports already facing the risk of insolvency, the financial situation of the European airport industry will further worsen in […]
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ACI EUROPE reported that passenger traffic across the European airport network stood at -93% in June compared to the same period last year – a marginal improvement over the previous month (May 2020: -98%). Europe’s airports welcomed only 16.8 million passengers through their doors in June, compared to 240 million in the same month last […]
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Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds – WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. The negotiations on financing measures include a silent participation and a secured loan. The conditions are currently being discussed. […]
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The European Commission has approved a €1.2 billion Greek aid scheme to support the Greek economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Small and […]
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In 2022 TUI put the Covid crisis of recent years behind it. Last year‘s positive development brings momentum for the future – even in times of geopolitical and macroeconomic challenges. Today the Group is leaner and more efficient than ever. Sebastian Ebel, Chief Executive Officer since October 2022, tells where the company is now placing […]
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