Hyperdrive

Ryanair Sues EU to Topple Sweden’s $494 Million Airline Rescue

Filing follows same concerns raised over French, Danish aid
Ryanair’s O’Leary accused nations of helping favorite airlines

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By Aoife White and Stephanie Bodoni

May 5, 2020 at 9:48 AM UTC

Updated on

May 5, 2020 at 10:36 AM UTC

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Ryanair Holdings Plc asked European Union judges to cancel EU approval of Sweden’s 455 million-euro ($494 million) loan guarantees for airlines, the first of several potential lawsuits targeting European governments’ efforts to rescue selected airlines hit by a collapse in air traffic.