European Commission Reevaluates German Aid for Charter Airline Condor

The European Commission has launched an in-depth investigation to determine if the German government's €321.2 million restructuring aid for charter airline Condor complies with EU rules. Initially approved in July 2021, the decision was annulled by a General Court judgment in May.

The European Commission said Monday it has opened an in-depth probe to assess the legality of the German government's €321.2 million restructuring aid to charter airline Condor.

Initially approved in July 2021, the aid measure's validity was questioned following a General Court's judgment in May.

Currently, €1 equals approximately $0.9231 USD.

(With inputs from agencies.)