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AmextaFinance > Markets > Stocks > EU’s Vestager says ‘all options on the table’ after Lufthansa/SAS rulings
Stocks

EU’s Vestager says ‘all options on the table’ after Lufthansa/SAS rulings

News Room
Last updated: 2023/05/12 at 5:08 AM
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© Reuters. FILE PHOTO: A view shows Lufthansa planes parked at Frankfurt airport in Frankfurt, Germany March 27, 2023. REUTERS/Kai Pfaffenbach/File Photo

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BRUSSELS (Reuters) – The European Union’s top competition official on Wednesday said “all options” were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered a setback in Europe’s second-highest court.

The court sided with Ryanair in annulling the EU’s decision clearing the German government’s 6-billion-euro ($6.6 billion) rescue package for Lufthansa. The court also ruled in Ryanair’s favour against pandemic state aid for SAS.

EU Competition Commissioner Margrethe Vestager said she was analysing the rulings as a matter of urgency, aware of the uncertainty on the market.

“While it is too early to give any indication as to what the appropriate course of action may be, at this stage all options are on the table,” Vestager said in a statement.

“There is no immediate and direct link between today’s judgments and the ongoing work on the future restructuring of SAS.”

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News Room May 12, 2023 May 12, 2023
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