By Foo Yun Chee
BRUSSELS, July 1 (Reuters) – The European Fee mentioned on Thursday it has reached a take care of Italy on the parameters for separating loss-making provider Alitalia from its successor, a step key to securing EU approval for the brand new airline and to jot down off Alitalia’s subsidies.
Brussels and Rome have been in prolonged talks over Alitalia’s destiny and its successor Italia Trasporto Aereo (ITA), demanding that ITA needs to be unbiased from the previous so that it’ll not be chargeable for Alitalia’s billions of euros in state assist acquired lately.
Fee Competitors Commissioner Margrethe Vestager met Italy’s financial system and trade ministers late on Wednesday.
“Following intense and constructive discussions in any respect ranges, the Fee and the Italian authorities have reached a standard understanding on the important thing parameters to make sure financial discontinuity between ITA and Alitalia,” a Fee spokesperson mentioned.
The 2 sides had beforehand disagreed over ITA ceding half of Alitalia’s slots at Milan Linate airport, the previous model and the loyalty programme.
The Fee declined to touch upon Rome’s plan to increase to December the maturity of a 400-million-euro ($473.9 million)bridge mortgage granted Alitalia, in keeping with a draft decree seen by Reuters.
“It’s for member states to evaluate whether or not a measure includes state assist that must be notified to the Fee below EU guidelines,” the spokesperson mentioned.
($1 = 0.8441 euros)
(Reporting by Foo Yun Chee; modifying by Jason Neely and Emelia Sithole-Matarise)
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