Ryanair LOSES crunch legal battle with EU – European judges back Brussels over state aid

The low-cost carrier challenged a number of decisions by the European Commission to allow countries to bailout their national airlines. In its latest challenge, the firm questioned state aid introduced to prop up flag-carriers Scandinavian Airlines in Denmark and Sweden during the coronavirus pandemic. The European Court of Justice ruled that these measures “comply with EU law”.

A statement added: “Given that SAS’s market share is much higher than that of its closest competitor in those two member states, the aid does not amount to unlawful discrimination.”

Ryanair also lost another challenge against a €600 million loan to Finland’s Finnair from a pension fund to keep it afloat during the pandemic.

The ECJ said: “The guarentee was necessary in oder to remedy the serious disturance in the Finnish economy in view of the importance of Finnair for that economy.”

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.

Source: Read Full Article