Ryanair has had its complaint over Covid-related government support by Sweden and Denmark for the SAS airline overturned by the European Court of Justice.
The court also upheld Finnish support for Finnair, saying the measure also complied with EU rules. The ECJ ruled today that financial support for SAS following pandemic-related travel restrictions was permitted under EU state aid rules.
In April 2020, Denmark and Sweden gave SAS a revolving credit facility of up to €0.14 billion (1.5 billion Swedish kronor) as the airline struggled with cancelled or rescheduled flights.
The European Commission had approved the loans as, under the EU treaties, they qualified under exceptional occurrences provisions.