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EU CJ confirms lawfulness of the loan granted to Austrian Airlines in 2020
For EUR 150m; the Court dismisses the action brought by two carriers
On 23 June 2020, Austria notified the Commission of an aid measure in the form of a subordinated loan (convertible into a grant) of €150 million in favour of Austrian Airlines (AUA), which is part of the Lufthansa group. That measure was intended to compensate AUA for the damage resulting from the cancellation or rescheduling of its flights owing to the COVID-19 pandemic. By decision of 6 July 2020, t...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency