EU Investigates German Support for Deutsche Lufthansa During Pandemic
By Pierre Bertrand
The European Union is investigating whether financial support given by Germany to Deutsche Lufthansa during the Covid-19 pandemic complied with its rules on state aid.
The European Commission, the executive arm of the EU, said its in-depth investigation follows last year's European General Court annulment of the 6 billion euro ($6.50 billion) aid package Germany gave the company.
With border closures that nearly halted all international traffic, many governments came to the rescue of their national carriers during the pandemic.
The EC initially approved the package in June 2020, but the General Court stuck it down in May 2023, saying the commission had made several errors in approving the measure.
Among the elements the commission will assess is whether the company was eligible for the aid, the EC said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 08, 2024 06:30 ET (10:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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