Compatible aid: The General Court of the European Union confirms the decision of the European Commission validating the rescue aid plan for the Romanian national airline by analysing for the first time the condition of non-recurrence of aid for the rescue and restructuring of companies in difficulty (Wizz Air Hungary)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On May 4, 2022, the General Court of the European Union issued a judgment in case T-718/20 (Wizz Air Hungary v. European Commission) concerning the rescue aid plan for TAROM, the national airline, granted in 2020 by Romania. The measure consisted of a loan to finance TAROM's liquidity needs in the amount of approximately €36 million, repayable at the end of a six-month period with a possibility of partial early repayment. Without initiating the formal investigation procedure provided for in Article 108(2) TFEU, the Commission qualified, by decision of 24 February 2020 the notified measure as State aid compatible with the internal market under Article

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Compatible aid: The General Court of the European Union confirms the decision of the European Commission validating the rescue aid plan for the Romanian national airline by analysing for the first time the condition of non-recurrence of aid for the rescue and restructuring of companies in difficulty (Wizz Air Hungary), 4 May 2022, Concurrences N° 2-2022, Art. N° 106711, www.concurrences.com

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