Alitalia plans target of formal EU probe.
A formal investigation has been opened into the plans to rescue Italy's Alitalia SpA, the European Commission has said.
The regulators of the European Union reportedly want to see if the EUR1.2bn plan can be considered to be illegal state aid as there is concern that the aid would be in conflict with EU rules regarding competition.
The Italian government's financial aid would be used for recapitalising the airline's flight division as well as for a partial sale of ground services, The Associated Press reported.
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|Publication:||Airline Industry Information|
|Article Type:||Brief Article|
|Date:||Jan 19, 2005|
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