The restructuring plan of now-bankrupt Blue Air (Romania) (BLA, Bucharest Henri Coanda) failed to ensure the long-term viability of the carrier and so violated EU state aid rules, the European Commission has announced, adding that Romania must now recover the RON163.8 million lei (USD35.6 million) provided to it, plus interest.

The European Union executive body’s decision comes after it decided in April 2023 to investigate the viability of Blue Air’s restructuring plan and the aid measures implemented to…

Source: ch aviation
Read more: Romania must return .7mn in state aid for Blue Air