Bankrupt Estonian national carrier ceases operations after EU ruling on state aid

November 7, 2015 2:15 PM

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COPENHAGEN, Denmark – Estonia's national carrier is immediately ceasing operations after the European Union ruled that the Baltic nation's carrier had illegally received state aid, a decision that put it out of business.

EU Antitrust Commissioner Margrethe Vestager says the aid breached EU rules. Vestager said Saturday the small airline must pay back "about 85 million euros ($92.1 million) plus interest" to Estonian taxpayers.

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