Ryanair Loses Fight Over Spain’s €10 Billion Covid Aid Program
Posted on AllSides June 6th, 2024
From The Left
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.
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