Gov’t tailwind of €115 million

The government on Thursday announced the allocation of 115 million euros to support the local airline industry, which Greek flag carrier Aegean Airlines considered positive but "too little in comparison with other European Union states." Instead the listed carrier is eyeing a €150 million state loan through the extraordinary credit mechanism for companies.

The ministries of Finance, Labor and Infrastructure yesterday announced a set of measures for the air transport sector, concerning 306 companies and 11,000 workers. It mainly concerns regulations for employees, such as the extension until July of the temporary suspension of labor contracts that comes with monthly compensation of €534.

The measures also include the labor project Syn-Ergasia, which will subsidize the social security contributions of employers and employees for the period from June 15 to December 31 -...

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