On Monday 29 July, the European Commission opened an in-depth investigation to assess whether a German €321.2 million restructuring measure in favour of Condor is in line with EU State aid rules.
The measure was initially approved by the Commission in July 2021 under the State aid Rescue and Restructuring Guidelines, but the Commission’s decision was subsequently annulled by the General Court’s judgment of 8 May 2024 (see EUROPE 13407/20).
Condor is a German charter airline.
Following the General Court’s judgment, the Commission will now further investigate the restructuring measure. In particular, it will assess whether and, if so, to what extent, further burden sharing, and reduction of moral hazard was possible and required and whether this would have had an influence on the nature and size of the compensatory measures put in place. The opening of an in-depth investigation gives Germany and interested third parties the opportunity to submit comments. It does not in any way prejudge the outcome of the investigation. (Original version in French by Lionel Changeur)