MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Top EU court dismisses Ryanair complaint over German aid for Condor

ALN

A complaint by Ryanair Holdings PLC against the European Commission’s approval of German support for the Condor airline during the coronavirus crisis was rejected in court on Wednesday.

The Luxembourg-based General Court of the EU said that Ryanair had ‘failed to demonstrate’ the need for the commission to open an investigation into the aid.

The Dublin-based airline had argued that the funds were not only intended to support Condor with costs relating to the Covid-19 pandemic, but also due to other difficulties facing the carrier related to restructuring. Ryanair could yet appeal against the judgement.

The case dates back to 2021, when the commission approved three packages of German government aid totalling €525 million.

Ryanair challenged one of the 2021 measures, worth €144 million, before the EU court.

The aid was intended to compensate Condor for damage caused by travel restrictions in place between mid-March and late December 2020.

Budget airline Ryanair argued that the funds were discriminatory and disproportionate compared to Condor’s competitors.

However, the complaint and several other arguments were rejected by the top EU court on Wednesday.

Ryanair shares were 0.3% higher at €24.02 each on Wednesday morning in Dublin.

source: dpa

Copyright 2025 Alliance News Ltd. All Rights Reserved.