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Business & Finance

EU court rejects Ryanair challenges against state aid for SAS, Finnair

  • Judges said the Finnair state loan guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of the carrier for that economy.
Published April 14, 2021
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BRUSSELS: Europe's second-top court rejected on Wednesday Ryanair challenges against Danish and Swedish state aid for virus-hit SAS and Finnish support for Finnair, saying the measures comply with EU rules.

"Given that SAS's market share is much higher than that of its closest competitor in those two member states, the aid does not amount to unlawful discrimination," the Luxembourg-based General Court said.

Judges said the Finnair state loan guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of the carrier for that economy.

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