French airline Corsair S.A’s multi-million-euro restructuring plan faces a full-blown European Union investigation, after the bloc’s regulators decided that the financial support requires deeper scrutiny from Brussels regulators.
- Corsair’s original restructuring plan got EU approval in December 2020, consisting of €106.7 million in aid and €30.2 million for damages suffered during the corona-virus pandemic
- A restructured package, filed by the French government in December 2023, is the subject of the EU’s new review
- European Commission wants to ensure new package doesn’t harm competition with rival airlines
- NOTE: Nov. 2020,
France’s Corsair to Focus on West Indies Under New Owners: CEO ...
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