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Ryanair overturns EU approval of German Covid aid to Condor, but effects of ruling suspended

( June 9, 2021, 10:00 GMT | Official Statement) -- MLex Summary: The European Commission's approval of Germany's state-guaranteed 550 million-euro loan to charter airline Condor Flugdienst has been annulled by the bloc's first-tier court, the General Court said today, because of an “inadequate statement of reasons”. But the court said that the effects of the ruling are suspended pending a new decision by the EU watchdog, citing the economic and social context marked by the pandemic as a reason.Statement follows. The ruling is attached. Case reference is T-665/20. ...

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