Showing posts with label competition. Show all posts
Showing posts with label competition. Show all posts

Tuesday, 26 April 2016

Saturday, 17 January 2015

Cyprus Airways ceases operations after an order to repay state aid - but is it over?

Last week, Cyprus Airways, the island’s national carrier, was shut down after a European Commission decision ordered the company to repay more than 65 million euros it received in illegal state aid.   On Wednesday, the state’s Council of Ministers approved a proposal tabled by the Ministry of Finance, to proceed with acquiring the services of advisors in order to set up the new airline, which will use the logo and name of Cyprus Airways.

Tuesday, 25 February 2014

European Commission issues new guidelines on State aid to airports and airlines

The European Commission issued new guidelines on State aid to airports and airlines on 20 February 2014, to facilitate the application of Art. 107 Treaty on the Functioning of the EU (TFEU) in aviation. The aim of the new rules is to ensure the efficiency of State support, while preventing the distortion of competition through overcapacity and duplication of infrastructure. There are four main points in the guidelines.