Ryanair challenges Lufthansa’s bailout package

27th May 2020 / NewsBits
  • Low-cost carrier Ryanair challenged Germany’s €9 billion rescue package for Lufthansa on Tuesday (26 May), saying it distorted competition, while the German carrier moves towards finalising the deal next month.
  • The government-backed aid will allow Lufthansa to “engage in below-cost selling” and make it harder for Ryanair, its Laudamotion subsidiary and rival low-cost carrier easyJet to compete, Ryanair Chief Executive Michael O’Leary said in a statement on Tuesday.
  • “Ryanair will appeal against this latest example of illegal state aid to Lufthansa, which will massively distort competition,” O’Leary said in the statement.
  • Lufthansa is, for its part, hoping for a quick nod from the European Commission for the bailout package, people close to the matter said. “This should be a matter of days”, one of the sources said.

Source: EUactiv


At a time when reporting the truth is critical, your support is essential in protecting it.
Find out how

The European Financial Review

European financial review Logo

The European Financial Review is the leading financial intelligence magazine read widely by financial experts and the wider business community.