The Court of Justice of the European Union has dismissed Ryanair‘s appeal against a EUR150 million euro (USD162 million) state loan granted to Lufthansa Group member Austrian Airlines (OS, Vienna) during the Covid-19 pandemic in 2020.

In its July 29 judgement, the Luxembourg-based court confirmed the lawfulness of the loan. It dismissed the action brought by Ryanair and now-defunct LaudaMotion against the European Commission’s July 6, 2020, approval of the loan. Ryanair’s appeal came after it…

Source: ch aviation
Read more: Ryanair loses appeal against Austrian Airlines state aid