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EC to investigate whether state support to ''airBaltic'' met EU competition regulations

Photo: Edijs Palens/LETA.
 RIGA, Nov 20 - The European Commission has launched an investigation to find out whether various state support measures Latvia implemented to assist the national airline ''airBaltic'' is in accordance with European Union regulations on state support, as the European Commission Representation in Latvia spokeswoman Sanita Jemberga told LETA.
She said that the commission has doubts whether these measures were implemented in accordance with EU regulations, and whether such measures would have been approved by a private business entity in a market situation.
Since 2008, ''airBaltic'' had been experiencing financial troubles, and as a result, in 2010 and 2011, the state implemented several support measures to boost the airline.
The European Commission will investigate whether these measures were implemented in accordance with EU competition regulations and whether they gave the airline economic advantage compared with competitors in the open EU market.
leta.lv
20-11-2012
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