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Germany: Approval of state guaranteed loan to Condor following the COVID-19 outbreak

Description

On 26 April 2020, the EU Commission approved a EUR 550 million (approx. USD 595.4 million) state-guaranteed loan to the German charter airline Condor.  Germany clarified that the state aid was in part...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Apr 2020

Revocation date

26 Jul 2021

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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