(ANSA-AFP) - BERLIN, JUN 9 - An EU court on Wednesday
annulled the EU's approval of Germany's state aid to charter
airline, Condor, but suspended the application of its ruling to
give the European Commission time to come up with a new decision
on the case. Condor was granted aid worth 550 million euros
($600 million) from the German government and the regional state
of Hesse to keep it afloat during the coronavirus crisis. The
airline was at that time already in insolvency proceedings which
had to be extended because an interested buyer retracted its
offer. The commission however approved Germany's aid for the
airline, taking into account damages suffered by Condor because
of travel restrictions arising from the pandemic and the costs
incurred in the extension of the insolvency proceedings.
Following the lawsuit filed by Ryanair, the General Court of the
European Union said it could not establish that the travel
restrictions had led to the failure of Condor's sale.
(ANSA-AFP).
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