ANNOUNCEMENT 01 Feb 2022

On 1 February 2022, the European Commission approved a capital injection measure from Germany to support the airport Flughafen Berlin Brandenburg in overcoming the economic consequences of the Covid-19 pandemic.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Commission, press release, 2 February 2022, State aid: Commission approves €1.7 billion German measure to recapitalise Flughafen Berlin Brandenburg in the context of the coronavirus pandemic
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_721

Inception date: 02 Feb 2022 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On 1 February 2022, the European Commission approved a EUR 1.7 billion (USD 1.9 billion) capital injection measure from Germany. The aid will support the airport operator Flughafen Berlin Brandenburg which operates the Berlin Brandenburg airport. It aims to support the company through the liquidity crisis it faces as a consequence of the COVID-19 pandemic. Part of the aid granted through this measure will be used to pay back loans contracted under a state loan scheme for airport operators approved by the Commission in August 2020 (see related state act).

In this context, Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Airports have been hit particularly hard by the coronavirus outbreak and the travel restrictions in place. With this measure, Germany will contribute to reinforcing Flughafen Berlin Brandenburg's equity position and help the company face the economic effects of the outbreak. At the same time, the public support will come with strings attached to limit undue distortions of competition. We continue working in close cooperation with Member States to ensure that national support measures can be put in place as quickly and effectively as possible, in line with EU rules.”

After assessing the measure under Article 107(3)(b) of the TFEU, the Commission decided not to raise objections. As of Feburary 2022, the Commission's Decision has not been published.

The state aid is approved under the Temporary Framework under the State Aid and its amendments of 2 April 2020, 13 October 2020, 1 February 2021, and 24 November 2021. The European Commission adopted the Temporary Framework under the State Aid rules of the European Union on 19 March 2020 (see related state act).

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the financial support granted here is discriminatory.

 

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