Ryanair won’t have to pay back subsidy

Budget airline Ryanair may no longer have to pay back a euro4.5 million ($6.16 million) subsidy to the Belgian state after a court ruled Thursday against an EU order to refund the sum.

The European Union’s appeals court said antitrust regulators made mistakes when they ordered Ryanair to pay back the public money it got to help it run flights from Charleroi airport in the southern Belgium region of Wallonia.

The EU Court of First Instance said the European Commission should have looked at whether the money from Belgian state companies could be seen as a normal market investment _ and not state help

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