Europe

The Commission approves € 12 million in aid to the MIA for damages caused by the pandemic.



In a statement, the European Commission found that Malta’s aid measures of € 12 million in favor of owners and operators of Malta International Airport plc are in line with EU national aid regulations.

This measure incurred damage during the period from March 21, 2021 to June 30, 2021 due to the coronavirus pandemic and travel restrictions imposed by Malta to limit the spread of the virus. The purpose is to compensate for.

As a result, operators of Malta International Airport experienced a sharp decline in traffic and profitability during this period.

Aid will take the form of direct subsidies, the committee is sad.

The Commission evaluated the following measures: Article 107 (2) (b) TFEU. This allows the Commission to approve state aid measures granted by Member States to indemnify certain companies or sectors for damages directly caused by exceptional outbreaks, such as the outbreak of coronavirus. increase.

The Commission has found that Malta’s measures compensate for damage directly related to the coronavirus pandemic. We also found that the measurements were proportional because the compensation did not exceed what was needed to improve the damage. Therefore, the Commission concluded that the damage compensation measures are in line with the EU National Aid Regulations.



https://www.independent.com.mt/articles/2022-06-28/local-news/Commission-approves-12m-aid-measure-to-compensate-MIA-for-damage-caused-by-pandemic-6736244071 The Commission approves € 12 million in aid to the MIA for damages caused by the pandemic.

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