Ryanair Holdings Plc notched up a third win in its campaign to topple billions of euros of Covid-19 bailouts for rival carriers, after European Union judges faulted the EU’s approval of a 550 million-euro ($670 million) German loan to airline Condor.
The EU General Court, the bloc’s second-highest tribunal, on Wednesday said the European Commission’s decision gave “an inadequate statement of reasons” for approving the measure.
