The European Commission has approved a €6.13 million Cypriot incentive scheme geared to support airlines affected by the coronavirus pandemic, having found it to be in line with the State aid Temporary Framework of the EU.
The scheme is a re-introduction of an aid measure initially approved by the Commission on 1 July 2020 (SA.57691), which expired on 31 December 2021, according to a press release by the Commission.
The scheme, which will take the form of direct grants, will be open to all interested airlines operating routes to and from Cyprus.
Source: Cyprus News Agency