Cyprus Airways (1947) (CY, Larnaca) has become the latest partially state owned carrier to face an investigation by the European Commission into potential illegal state aid. According to statements by the European Commission, the commission has doubts that support measures by the Cypriot government were in line with European Union state aid rules. Cyprus has increased its stake in Cyprus Airways from 69% to almost 94% in early February during a capital increase contributing 31.3 million EUR in new capital. in addition, the government had also provided Cyprus Airways with a 73 million EUR emergency loan back in December. Cyprus Airways has reported a net loss of 55.8 million for 2012 and has specifically mentioned a positive outcome of the European Commission investigation and its restructuring plan as key drivers to ensure the carrier will be able to survive the next financial year.