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COVID-19 The European Commission approves the public guarantee scheme for Swedish airlines

23/04/2020

The European Commission approved on 11 April 2020 Sweden’s aid scheme in the form of public guarantees to its airlines. The measure is based on Article 107. 3, b) of the Treaty on the Functioning of the EU, as implemented by the Commission’s Temporary Framework. With a budget of approximately 455 million euros, the scheme aims at facilitating airlines’ access to liquidities in order to ensure their viability, as well as the continuity of their economic activities during and after the crisis.

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Authors

Portrait ofAnnabelle Lepièce
Annabelle Lepièce
Partner
Brussels
Portrait of
Aline Fadié
Paralegal, Brussels