(Bloomberg) -- Ryanair Holdings Plc said it would appeal Germany’s plan to bail-out Lufthansa, saying that it would distort the market and “further strengthen Lufthansa’s monopoly like grip on the German air travel market.”
- Ryanair comments in emailed statement
- “Whenever there is a crisis, Lufthansa’s first reflex is to put its hand in the German government’s pocket,” Michael O’Leary, Ryanair’s CEO says in statement
- Ryanair says state-aid will distort market, allow Lufthansa to engage in “below cost selling”
- NOTE: Germany to Take Lufthansa Stake in Landmark $9.8 Billion Bailout
- NOTE: Ryanair’s Chief Is on a Mission to Wreck EU Airline Rescues
©2020 Bloomberg L.P.
Advertisement