Ryanair Wins Fight With EU Over Italy’s Covid Aid to Rivals
- Ruling follows shock win to overturn Lufthansa aid approval
- Irish airline has filed more than two dozen challenges to aid
A Boeing 737 NG Max, operated by Ryanair Holdings Plc, at Riga International Airport in Riga, Latvia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Ryanair Holdings Plc notched up another court victory in its fight against Covid-19 bailouts to rivals, this time winning its challenge to a €130 million ($140 million) subsidy for Italian carriers affected by the pandemic.
The EU’s General Court on Wednesday annulled the European Commission’s 2020 decision to clear the Italian aid package under the bloc’s state-aid rules, saying regulators failed to spell out why it didn’t distort competition.