Originally Posted by
EIFFS
with regards treating EDI/GLA differently aren’t they doing that by subsidising PIK to stay open when commercially not viable?
Technically it's not a subsidy, but a loan, or at least thats what the government will tell you - EDI/GLA may argue otherwise.
Allowing lower APD rates from PIK than from GLA/EDI would be a subsidy, and would probably be deemed illegal state aid pretty quickly.