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

By Foo Yun Chee and Bart H. Meijer

(Reuters) – Budget airline Wizz Air on Wednesday lost its challenge against a capital increase for Romanian rival TAROM funded by Romania and approved by EU competition regulators, as Europe’s second-top court dismissed its arguments.

Wizz Air took its case to the Luxembourg-based General Court after the European Commission said the 2 million euros ($2.15 million) in aid to offset the impact of travel restrictions linked to the COVID pandemic complied…