( ) -q-26- UNDATED (Correspondent Jeremy House) “ruling might have.” A top European Union court has ruled that the E-U was wrong to approve a plan for Germany to come to the rescue of Lufthansa. [CutID: <Cuts> EU-LUFTHANSA-house-q-WEDam.mp3 Time: 26s Title: EU-LUFTHANSA-house-q-WEDam Out-cue: ruling might have] TAG: Correspondent Jeremy House reporting. The European Commission had […]
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Court annuls EU approval of German billions for Lufthansa
( ) -q-26- UNDATED (Correspondent Jeremy House) “ruling might have.”
A top European Union court has ruled that the E-U was wrong to approve a plan for Germany to come to the rescue of Lufthansa.
[CutID: <Cuts> EU-LUFTHANSA-house-q-WEDam.mp3
Time: 26s
Title: EU-LUFTHANSA-house-q-WEDam
Out-cue: ruling might have]
TAG: Correspondent Jeremy House reporting. The European Commission had approved a 2020 plan by Germany to provide 6 billion euros ($6.6 billion) in aid to Lufthansa.
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VERBATIM: That financial rescue included billions of euros in state aid to help the airline deal with the impact of COVID-19 restrictions. The 27 EU member countries must seek commission approval when supplying financial support to companies. Following an appeal by low-cost carrier Ryanair, the EU’s General Court ruled that the commission “committed several errors.” It is not immediately clear what impact the ruling might have.