Air transport SATA has announced the European Commission (EC) has approved EUR 133m in liquidity support to SATA Açores, the company said.
The aid will allow the company to fulfill its public service obligations, provide essential services and ensure the connectivity of the Azores outermost region. At the same time, the Commission has opened an investigation to assess whether certain public support measures by Portugal in favour of the company are in line with EU rules on State aid to companies in difficulty.
SATA is controlled by the Portuguese Autonomous Region of Azores. Together with another company belonging to the same group (SATA Internacional — Azores Airlines), SATA provides air transport passenger and cargo services within Azores, and from and to several national and international destinations.
Portugal notified the Commission of its intention to grant urgent support to SATA, with the aim of providing the company with sufficient resources to address its urgent and immediate liquidity needs until the end of January 2021.