Wizz Air loses challenge against EU-approved Romanian aid for TAROM

By Yahoo! Finance | Nov 6, 2024 at 04:31 AM EST

Wizz Air lost its challenge against Romanian TAROM's capital increase funded by Romania and approved by EU regulators. The Luxembourg court dismissed Wizz Air's arguments, upholding the aid's compatibility with EU state aid rules. Airlines in Europe received significant state aid during the pandemic, leading to legal disputes.

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