Judgment of the General Court (Tenth Chamber, Extended Composition) of 14 July 2021.#Ryanair DAC and Laudamotion GmbH v European Commission.#State aid – Austrian air transport market – Aid granted by Austria to an airline amid the COVID-19 pandemic – Subordinated loan in favour of Austrian Airlines – Decision not to raise any objections – Aide previously granted to the beneficiary’s parent company – Aid intended to make good the damage caused by an exceptional occurrence – Freedom of establishment – Freedom to provide services – Equal treatment – Obligation to state reasons.#Case T-677/20.