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Revised restructuring plan for Corsair faces in-depth state aid probe in EU

( February 5, 2024, 14:45 GMT | Official Statement) -- MLex Summary: France’s changes to Corsair’s restructuring plan — foreseeing adjustments to existing financing instruments and additional fiscal incentives — are now subject to an in-depth state aid investigation, the European Commission said today. The authority will now look at whether the restructuring plan can restore the airline’s long-term viability without additional or continued state aid, within a reasonable period of time, among other things.Abstract follows. The full statement is attached. Case reference is SA.109662....

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