The European Commission (EC) has approved EUR35 million (USD37 million) in regional investment aid for two airports in Germany.
Aid to Saarbrücken Airport includes support for modernisation and some operational expenses until 2019. Using its competition authority powers, the EC said the subsidy to Saarbrücken does not break European Union (EU) state aid rules, because the investment would boost the local economy and mobility without unduly distorting competition.
The EC also cleared the repurchase of a majority share in Lübeck Blankensee Airport by the City of Lübeck from New Zealand investment company Infratil Ltd. There had been concerns that the city had acquired the airport on the cheap. The EC investigated and concluded that because the airport lacks chartered or scheduled commercial flights, the deal followed EU competition rules.