Press Release: State aid: Commission approves restructuring aid for Czech Airlines

After an in-depth investigation, the European Commission on 19 September 2012 concluded that restructuring aid amounting to CZK 2.5 billion (€100 million) granted to the Czech state-owned air carrier Czech Airlines is in line with EU state aid rules. The Commission found that the restructuring plan adequately addresses the financial problems of Czech Airlines. A significant capacity reduction, efficient cost and revenues management and the sale of assets should ensure the company's long-term viability without continued state support, whilst avoiding undue distortions of competition.