EUROPEAN COMMISSION APPROVES GERMANY AIRPORT STATE AID
March 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Commission has approved state aid funding by the Bavarian government of two German regional airports. It has accepted Euro 7.3 million in subsidies paid to develop the former Allgäu military airbase into a civil airport, near Memmingen, and also the payment of Euro 8.85 million to redevelop Augsburg airport, in the Schwabia region, notably extending its short runway.
THE EUROPEAN Commission has approved state aid funding by the Bavarian government of two German regional airports. It has accepted Euro 7.3 million in subsidies paid to develop the former Allgäu military airbase into a civil airport, near Memmingen, and also the payment of Euro 8.85 million to redevelop Augsburg airport, in the Schwabia region, notably extending its short runway.
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