The European Commission has approved a EUR 5.8 million Bulgarian measure to support the Burgas and Varna airports in the context of Russia's war against Ukraine.
Under the measure, the aid will take the form of a deferral of the payment of the concession fees due by Fraport Twin Star Airport Management AD, the company managing the two airports, to the Bulgarian government, which owns the airports' infrastructures. The purpose of the measure is to help the two airports address the liquidity shortages that they are facing due to a decrease in operations following the closure of the Ukrainian airspace, as well as of the European airspace to Russian aircraft, by reducing the costs borne by the airport operator.
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