The Council of Ministers today authorized the granting of a grant of 15 million euros to the Autonomous Community of the Canary Islands to finance actions that contribute to alleviate the effects of the insolvency of the Thomas Cook business group in the tourism sector of the archipelago.

The Government thus complies with the provision contained in Royal Decree Law 12/2019, of October 11, which takes urgent measures to mitigate the effects of the opening of insolvency proceedings of the Thomas Cook business group.

The aid will be implemented through the formalization of an agreement between the Ministry of Industry, Commerce and Tourism, through the SETUR, and the Government of the Canary Islands, and complement other approved measures, such as the reduction of the AENA passenger fare to reinforce connectivity or the ICO line to provide liquidity to companies and freelancers in the Canary tourism sector.

Source of the new