Ryanair Holdings PLC
24 April 2008
ALITALIA RECEIVES ANOTHER €300M UNLAWFUL STATE AID
RYANAIR SUBMITS STATE AID COMPLAINT TO EU
Ryanair, Europe's largest low fares airline, today (Thursday, 24th April 2008)
called on the European Commission to stop a further €300m unlawful state aid for
Alitalia. Alitalia has already received over €5bn in unlawful state aid, but the
European Commission, as always in the case of flag carriers, turns a blind eye
and does nothing. Without such illegal state aid, Alitalia which loses almost
€1m a day would have gone bankrupt years ago.
Speaking today, Ryanair's Head of Legal and Regulatory Affairs, Jim Callaghan
said:
'Alitalia's latest €300m bailout makes a mockery of EU State Aid rules.
Propping up an inefficient national airline, which would have gone
bankrupt long ago is simply illegal. Continued unlawful subsidies are
allowing Alitalia to ignore its debts and rack up losses with abandon.
'The European Commission's repeated failure to enforce its own State Aid
rules in the case of Alitalia provides more evidence that it applies one
set of rules for rule breaking flag carrier airlines but another
discriminatory set of rules for Ryanair. The Commission has still failed
to take any action on Ryanair's 3 year old state aid complaints about
Alitalia, Air France, Lufthansa, Olympic and Volare, however it is
pursuing 7 baseless investigations about Ryanair's open pro competitive
deals at tiny regional European airports.
'We are again today, calling on the Commission to stop ignoring this
state aid scandal and to start applying its own state aid and
competition rules fairly'.
Ends Thursday, 24th April 2008
For further information:
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: 00 353 1 812 1598 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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