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EU approval for Air France Covid-19 liquidity aid modified in light of KLM upset

( July 27, 2021, 11:30 GMT | Official Statement) -- MLex Summary: EU approval for a 7 billion-euro French state aid package to help Air France weather the Covid-19 pandemic has been modified to better specify that the airline is the only beneficiary, the European Commission said today. Its changes follow an EU General Court ruling this year annulling the watchdog's decision to clear 3.4 billion euros in Dutch liquidity support to KLM for inadequate reasoning in assessing the aid's beneficiary, the watchdog said. The Air France aid, granted last year, included a state guarantee on loans and a shareholder loan to provide urgent liquidity. Statement follows. ...

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