Berlin-Brandenburg Airport may receive state aid of up to 1,7 billion euros. The EU Commission gives the green light for the measure. The airport got into financial difficulties due to the corona pandemic.
EU Competition Commissioner Margrethe Vestager justified the release as follows: “Airports have been hit particularly hard by the outbreak of the corona virus and the current travel restrictions. With this measure, Germany is helping to strengthen Berlin Brandenburg Airport's equity position and help the company to cope with the economic impact of the outbreak. At the same time, public support is subject to conditions in order to limit unacceptable distortions of competition. We continue to work closely with Member States to ensure that national support measures can be implemented as quickly and effectively as possible, in line with EU rules."
It is still unclear when Berlin-Brandenburg Airport will receive the approved state aid. It probably won't be long, as management has repeatedly warned that the operating company is slowly but surely running out of money.