The General Court of the European Court of Justice reverses the European Commission’s approval of the German government’s €6 billion recapitalization of Lufthansa. According to the court, the day-to-day management of the EU made several errors of assessment.
The recapitalization took place in the context of the corona pandemic. Due to travel restrictions, many flights were not possible for months, which put the German airline in financial difficulty. The German government then intervened and received permission from the day-to-day administration of the EU. However, according to the General Court, part of the EU Court, the committee made several errors of assessment in its assessment of this capital injection.
Source: BNR
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