Ryanair Wins EU Court Appeal Over KLM’s Covid-19 Support
- EU court topples bloc’s green light for €3.4 billion
- Earlier court loss forced EU to review decision, and re-adopt
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Ryanair Holdings Plc won a European Union court challenge against the EU’s approval of €3.4 billion ($3.7 billion) in state aid for rival Air France-KLM, in the latest round of the Irish carrier’s campaign against allegedly unfair subsidies doled out during the Covid-19 pandemic.
The EU’s General Court in Luxembourg on Wednesday annulled the European Commission’s decision, saying regulators “erred in defining the beneficiaries of the state aid granted.”