(Photo credit: Croatia Airlines/A.Grubelic)
ZAGREB, Dec 14 (Hina) –The government on Monday approved state aid for the national flag carrier, Croatia Airlines amounting to HRK 600 million, HRK 350 million of which refers to investing fresh capital in the company and HRK 250 million as an equity loan.
The decision was made in line with the European Commission’s temporary framework allowing member states to provide additional support to the business sector due to the COVID-19 pandemic. Thus, CA has been given support in an effort to resolve its liquidity problems and to boost its capital.
Transport and Infrastructure Minister Oleg Butkovic said that the pandemic has had and still has a destructive impact on the global airline industry which is faced with the most difficult crisis ever.