Ryanair Holdings PLC
06 December 2007
RYANAIR CALLS ON EU TO STOP AIR FRANCE BID FOR ALITALIA
UNTIL €2.7BN ILLEGAL STATE AID IS REPAID
Ryanair, Europe's largest low fares airline, today (Thursday, 6th December 2007)
called on the European Commission to block Air France's bid for Alitalia until
both airlines have paid back a combined €2.7bn in illegal state aid received
from the French and Italian Governments.
Two years ago, Ryanair filed two separate State Aid complaints with the European
Commission about €1bn illegal state aid given to Air France in the form of
discounted domestic passenger charges and €1.7bn illegal state aid given to
Alitalia in the form of debt write offs. Despite these flagrant breaches of
state aid rules, the European Commission has failed to act on either case in the
last two years.
Speaking today, Ryanair's Head of Regulatory Affairs, Jim Callaghan said:
'The European Commission's failure to address these serious state aid
complaints shows that it has one set of rules for high fare flag carrier
airlines and another for efficient low fare airlines like Ryanair. We
call on the European Commission to block Air France's bid for Alitalia
until such time as these two state aid complaints have been addressed
and the combined €2.7bn in illegal state aid is repaid'.
ENDS. Thursday, 6th December 2007
For further information:
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: 00 353 1 812 1228 Tel: 00 353 1 4980 300
This information is provided by RNS
The company news service from the London Stock Exchange
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