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Global Trade Alert

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Latvia: EUR 11.6 million capital injection in airBaltic in response to the COVID-19 pandemic

Description

On 24 May 2022, the European Commission approved a EUR 11.6 million (approx. USD 14.2 million) capital injection measure by Latvia in airBaltic Corporation, the national flag carrier and the largest a...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 May 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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