Ryanair's (RYAAY) action against a European Commission decision to approve a restructuring aid of 2.55 billion euros ($2.97 billion) granted by Portugal to local airline TAP has been dismissed, the EU General Court said Wednesday.

The court rejected Ryanair's claims that "the Commission had, in breach of the R&R Guidelines, failed to establish that the restructuring plan was realistic, coherent, far-reaching and capable of restoring TAP's long-term viability," the court said.

The General Court also rejected Ryanair's view that the decision was "not adequately reasoned," it said.

The company didn't immediately respond to MT Newswires' request for comment.