Brussels: Europe and the Arabs
The European Union Court of First Instance canceled the green light given by the European Commission regarding the recapitalization of the German airline "Lufthansa", with six billion euros (6.7 billion US dollars), to save the company during the emerging Corona virus (Covid-19).
 
The court said in a statement - according to Radio "France International" today, Wednesday - that the commission agreed after it considered that Lufthansa was unable to finance itself in the markets to meet its needs.
 
The radio added that the European Commission can file an appeal against this decision before the European Court of Justice, which is the highest European judicial body of the European Union. According to what was reported by the site of the seventh day on French radio
 
It is noteworthy that the European Commission agreed to pump German government funds amounting to six billion euros to keep “Lufthansa” steadfast in the face of challenges with the outbreak of the Covid-19 pandemic and its great negative impact on the aviation industry, but it imposed strict conditions, and the huge rescue package also includes three billion euros in loan guarantees. the public.