Ryanair Loses First Court Fight Over Covid-19 Airline Aid
- Court backs EU nod for French tax deferral, Swedish guarantees
- Irish airline vowed to fight on, with appeals to top EU court
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Ryanair Holdings Plc lost the first round of its campaign to topple Covid-19 bailouts for rival airlines when a European Union court ruled that French and Swedish subsidies didn’t break state-aid rules.
The EU’s General Court in Luxembourg said on Wednesday that the French and Swedish state support was appropriate for tackling serious disturbances to the countries’ economies caused by the pandemic.