10-Jun-2021 3:34 PM
Ryanair Welcomes EU Court Ruling On Condor State Aid
Direct News Source
Ryanair today (9 June) welcomed the EU General Court's annulment of the European Commission's approval of State aid by Germany to Condor. In April 2020, the German government granted a €550m loan to Condor, which had already benefited from a €380m rescue loan from Germany in 2019 following the bankruptcy of its parent company, Thomas Cook.
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This press release was sourced from Ryanair on 09-Jun-2021.