On Monday 29 July, the Court of Justice of the EU dismissed the action brought by the airlines Ryanair and Laudamotion against the European Commission’s approval of a subordinated loan granted by Austria to Austrian Airlines in the summer of 2020.
On 23 June 2020, Austria notified the European Commission of aid of €150 million for Austrian Airlines, part of the Lufthansa Group, in the form of a subordinated loan convertible into a grant to compensate for the damage caused by the...