Transportation
Ryanair Loses Fight Over Spain’s €10 Billion Covid Aid
- EU’s top court says aid was in line with state aid law
- Ryanair has fought a slate of approval decisions by EU
A Ryanair passenger aircraft at Palma de Mallorca Airport.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The European Union’s competition enforcers were right to approve a €10 billion ($10.9 billion) Spanish bailout fund to support companies hit by the coronavirus pandemic, according to a judgment from the EU’s top court.
Thursday’s decision — a defeat for Ryanair Holdings Plc — is a boost for the European Commission as it fends off a raft of other legal challenges to its approval of billions of euros in national subsidies under a loosened state aid regime.