European court dismisses action brought forward by Ryanair against European commissions approval of aid

The Court of Justice for the European Union has confirmed the lawfulness of a subordinated loan of €150 million granted by Austria to Austrian Airlines in the summer of 2020. The court has dismissed action which was brought forward by Ryanair and Laudamotion against the European commission’s approval of aid to Austrian Airlines (AUA) during the pandemic. Ryanair said in a statement: “The European Commission’s Directorate General for Competition has still not recovered the unlawful aid, nor has it imposed any measures to remedy the damage to competition caused by the German, French, Dutch, Swedish, Danish, and Italian governments favouring