newstodate.aero

Mar 09, 2021 (newstodate): The EU Commission has thrown a much-needed lifeline to Latvia, allowing the country to capitalize the joint-stock company Riga International Airport.
   -Airports are among the companies that have been hit particularly hard by the coronavirus outbreak. With this measure, Latvia will contribute up to  euro 39.7 million to reinforce Riga International Airport's equity and support the company facing the economic effects of the coronavirus outbreak, says Margrethe Vestager, Exec VP, in charge of EU's competition policy.
   Due to Coronavirus, lockdowns and the subsequent drop in air travel, Riga International Airport currently risks being unable to maintain its viability, with severe consequences for the connectivity of Latvia with the rest of Europe and third countries.