19 May: The General Court annuls the Commission’s decision to approve the Netherlands financial aid for the airline KLM amid the COVID-19 pandemic on the grounds of inadequate reasoning

(Source: Court of Justice of the EU)

However, due to the particularly damaging impact of the pandemic on the Netherlands economy, the General Court suspends the effects of the annulment pending the adoption of a new decision by the Commission.

In June 2020,the Netherlands notified the European Commission of State aid for the airline KLM, a subsidiary of the Air France-KLM holding company. The notified aid, with a total budget of €3.4 billion, consisted, first, of a State guarantee for a loan to be granted by a consortium of banks and, secondly, a State loan. By that measure, the Netherlands …