What was the client issue?

The airline was under state aid investigation by the European Commission.

How did we help the client solve it?

Through innovative and complex financial analysis and cross-country comparison, we developed a new way of private investor testing for state aid.

Why was the outcome compelling for the client?

As a result of our work the Commission’s investigation was dropped and Ryanair cleared. Over and above this we set a precedent and EC guidance for this type of case was changed permanently.