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Ryanair overturns Scandinavian Airlines’ Covid recapitalization at EU court

( May 10, 2023, 08:53 GMT | Official Statement) -- MLex Summary: Ryanair today won its legal challenge of the European Commission's approval of Denmark's and Sweden's contribution of up to around 1 billion euros to recapitalize Scandinavian Airlines during the pandemic. In a judgment issued today, the bloc's first-tier General Court fully annulled the 2020 decision, finding that the unlawfulness in relation to the equity instrument that formed part of the support affects the compatibility of the entire measure, and thus justifies the annulment of the decision.The judgment is attached. Case reference is T-238/21. ...

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