Covid-19: The General Court of the European Union dismisses an appeal against the European Commission’s decision declaring the Spanish fund to support the solvency of strategic companies compatible under Article 107(3)(b) TFEU (Ryanair)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Commission adopted on 31 July 2020 a decision not to raise objections to a Spanish scheme providing for recapitalisation measures to support systemic and strategic companies for the Spanish economy. Background The decision (SA.57659) is based on Article 107(3)(b) TFEU and on the 'Temporary framework on State aid measures to support the economy in the present context of the COVID-19 outbreak' (as amended three times at the time of the decision). The Spanish scheme consists of a fund providing financing through the purchase of financial instruments and securities issued by non-financial companies established in Spain, without limitation as to size or