EU approves 12.8 million euros in Italy aid for Alitalia

The successful rights issue will likely allow Alitalia to keep flying throughout the key Christmas h

The European Commission on Wednesday cleared Italy to give 12.8 million euros ($15.4 million) in state aid to the floundering Alitalia airline to help it absorb the losses caused by the coronavirus pandemic. ‘The European Commission has found that an Italian aid measure of EUR12.835 million to support Alitalia is in line with EU state aid rules,’ said a Commission statement. ‘This measure aims at compensating the airline for the damages suffered on certain routes due to the coronavirus outbreak during the month of January 2021,’ it added. Alitalia is on the brink of bankruptcy and last year the authorities in Rome earmarked three billion euros ($3.6 billion dollars) for its relaunch.