Finland’s guarantee in favour of Finnair to help secure a €600 million loan from a pension fund to cover Finnair’s working capital requirements following the Covid-19 pandemic is “compatible with EU law”, according to a judgment of the EU General Court delivered on Wednesday 14 April (case T-388/20).
On 13 May 2020, Finland notified the Commission of a State guarantee for Finnair. The guarantee was limited to a maximum duration of three years. The Commission validated this...