The action seeking annulment of the decision by the Commission to approve aid granted by Finland to the airline Finnair is dismissed in its entirety

(Source: Court of Justice of the European Union)

The Commission was entitled to approve the recapitalisation of Finnair, carried out by its public and private owners on a pro rata basis in proportion to the previously existing ownership structure, without initiating the formal investigation procedure.

On 3 June 2020, Finland notified the Commission of an aid measure in favour of the airline Finnair, Plc, of which it is the majority shareholder. Under the notified measure, Finland planned to subscribe, on a pro rata basis in proportion to its existing shareholding, to the new shares that were being offered to all of Finnair’s shareholders in order to carry out a recapitalisation of the airline (‘the measure at issue’).

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