Transportation
Ryanair Loses EU Fight Over €150 Million Austrian Airlines Aid
- Judges say EU correctly approved Austria’s Covid-19 support
- Ryanair has fought a slate of approval decisions by EU
Austrian Airlines and Ryanair passenger jets in Palma, Mallorca, Spain.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Ryanair Holdings Plc lost its European Union court challenge over a €150 million ($163 million) Covid-19 bailout for rival carrier Austrian Airlines AG.
The EU’s top court in Luxembourg said Monday that a 2020 loan by Austrian authorities didn’t violate the bloc’s tough state-aid rulebook, backing an earlier ruling from its lower tribunal.