The European Commission this week approved a 14.3-million-euro state measure in favour of the operator of Zagreb Airport, the Zagreb Airport International Company (ZAIC), noting it is in line with European Union state aid rules. The measure aims at compensating the airport’s operator for the damage suffered during the period between March 19 and June 30, 2020, due to the coronavirus pandemic and the travel restrictions imposed by Croatia and other countries to limit the spread of the virus. As a result, Zagreb Airport experienced a steep decline in aircraft and passenger traffic, which resulted in major revenue losses. The public support will take the form of a write-off of the concession fees.
The Commission found that the Croatian measure will compensate damage that is directly linked to the coronavirus pandemic. It also found that the measure is proportionate, as the compensation does not exceed what is necessary to make good the damage. “On this basis, the Commission concluded that the Croatian measure is in line with EU state aid rules”, the block’s executive body said in a statement. This summer, the Croatian government provided further support to stakeholders in the country's aviation sector through a 45.4 million euro package. The beneficiaries have not been revealed, although the government is obligated to make them public within twelve months of providing the aid.
ZAIC's concession fee is made up of a fixed and a variable charge. The fixed charge amounted to two million euros in the first year of the concession and will increase to twelve million in the 29th year. The variable charge fluctuates based on the overall gross revenue. It became payable from the third year of the concession and totals 0.5% of the total gross profit, after which it grows to up to 61% of revenue in the 30th (last) year of the concession. “The concession fee is determined based on the agreement signed between the government of Croatia and Zagreb Airport International Company. ZAIC, as the concessionaire, has met its obligations, not only in terms of making the concession fee payments but also through continual passenger growth and the introduction of new destinations", the Croatian Minister for Sea, Transport and Infrastructure, Oleg Butković, previously said.
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For example in Greece both ATH and the 14 airports that Fraport operates received tens of millions during the quarantine. Also all the state operated airports (HER being the biggest)
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Makes you wonder how much money they are making from the FR deal.
I'm only trying to help you.
EU Commission
Address: Rue de la Loi 200, 1040 Bruxelles, Belgium
- Both airports and airlines can benefit from the measure, but the funds will be limited to those located in Northern Croatia and the city of Zagreb.
- The beneficiaries of the measure are large enterprises active in the civil aviation sector impacted by the Covid-19 pandemic.
- The Croatian government is set to distribute aid to the country’s aviation sector in the coming days after the European Commission gave its approval for the state to provide 45.4 million euros in the form of subsidised interest rates on loans.
- Under the terms of the financial assistance, a beneficiary may benefit in parallel from multiple support schemes
- Once the contracts are finalised, the Croatian government must publish relevant information on each individual aid granted within twelve months from the moment of granting
Interestingly no other aviation site bothered to report about this.
Source: https://www.exyuaviation.com/2022/06/croatia-to-conclude-aviation-aid.html
The job to contain the virus was done really well. It was all worth it... Unprecedented vandalism and devastion, idiotic, hysterical measures unheard off since the middle ages, all in the name of science. Now You writing casually about it normalising this attack on the people and their lives. And what eas the resultmof all that????