Judgment of the Court (Fourth Chamber) of 29 July 2024.#Ryanair DAC and Laudamotion GmbH v European Commission.#Appeal – State aid – Article 107(2)(b) TFEU – Austrian air transport market – Aid granted by the Republic of Austria to an airline amid the COVID-19 pandemic – Subordinated loan to Austrian Airlines AG – Decision by the European Commission not to raise objections – Aid to make good the damage suffered by a single undertaking – Principles of proportionality and of non-discrimination – Freedom of establishment and freedom to provide services.#Case C-591/21 P.