Home Breves CE approves new support for SATA

CE approves new support for SATA

The European Commission has just approved support from 12 million euros to SATA Air Açores as compensation for the damage suffered due to the direct consequences of the travel restrictions imposed to stop the Covid-19 pandemic.

Além disso, indicates Brussels in a statement, additional support was also approved for the liquidity of SATA Air Açores in the amount of up to 255,5 milhões de euros.

This value is divided into two packages of state support. The first is a package of 133 milhões de euros, already approved by Brussels in August 2020, and another one from 122,5 milhões de euros, requested by the Regional Government, with the aim of providing airlines with sufficient resources to meet their urgent and immediate liquidity needs by the end of 21 de Novembro de 2021.

With regard to the approval of the 12 million euros non-refundable, the community executive points out that, under the Treaty on the Functioning of the EU, the Commission can approve state aid for sectors that have suffered damage caused by exceptional circumstances..

Ainda assim, the European Commission extended the ongoing in-depth investigation to assess whether the restructuring support measures envisaged by Portugal in favor of SATA are in line with EU rules on state aid to companies in difficulty.

Margrethe Vestager, executive vice president of the European Commission and responsible for competition policy, em comunicado, underlines that these measures in an amount of almost 270 milhões de euros, will allow Portugal to provide immediate support to SATA Air Açores and Azores Airlines, in order to ensure the continuity of the internal and external air connections of the Azores, an ultra peripheral region of the EU.

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