Malta's government and trade unions agreed Tuesday to set up a steering committee to oversee the restructuring of Air Malta as the national airline's future “hangs in the balance,” several Maltese media outlets reported.
http://www.timesofmalta.com/articles/vi ... -be-set-up
Air Malta restructuring talks
Moderator: Latest news team
Re: Air Malta restructuring talks
Malta has some financial structures different than older EU members and struggles to adopt to it. Just as other new member states. And just as older member states...
I am sure that they look at government intervention, but the problem is EU legislation.
We will see.
I am sure that they look at government intervention, but the problem is EU legislation.
We will see.
Re: Air Malta restructuring talks
Commission temporarily authorises €52 million rescue aid for Air Malta
The European Commission has authorised a loan facility worth €52 million for Air Malta. The aid is in line with EU state aid rules, because it is limited in time and scope. The Commission approved the measure temporarily, until it can take a position on the restructuring plan to be submitted by Malta within maximum six months.
More at http://europa.eu/rapid/pressReleasesAct ... IP/10/1509
The European Commission has authorised a loan facility worth €52 million for Air Malta. The aid is in line with EU state aid rules, because it is limited in time and scope. The Commission approved the measure temporarily, until it can take a position on the restructuring plan to be submitted by Malta within maximum six months.
More at http://europa.eu/rapid/pressReleasesAct ... IP/10/1509