EU Scrutinizes German Aid to Charter Airline Condor
The European Commission has launched an in-depth investigation into the German government's 321.2 million euro aid package for charter airline Condor. Though initially approved in July 2021, the General Court's May judgment annulled this decision, raising questions about its compliance with EU rules.
The European Commission announced on Monday that it has commenced a thorough investigation to determine whether a German restructuring aid of €321.2 million ($347.96 million) for charter airline Condor complies with its regulations.
Initially authorized in July 2021, the aid measure's approval was later overturned by a ruling from the General Court in May.
(Currency conversion: $1 = €0.9231)
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