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Ryanair Lodges Complaints with German and EU C.A.

15th Aug 2017 18:00

RNS Number : 0937O
Ryanair Holdings PLC
15 August 2017
 

RYANAIR LODGES COMPLAINTS WITH GERMAN AND EU COMPETITION AUTHORITIES TO BLOCK LUFTHANSA TAKE OVER OF AIR BERLIN

Ryanair has today (15 Aug) lodged competition complaints with the German Bundeskartellamt and the European Commission regarding the obvious conspiracy playing out in Germany between the German Government, Lufthansa and Air Berlin to carve up Air Berlin's assets, while excluding major competitors and ignoring both EU competition and State Aid rules. Given the fact that the German Government is centrally involved in these manoeuvres, the Bundeskartellamt is likely to struggle to get out of bed. On this basis, and bearing in mind the scale of the market shares and the European implications involved, it is all the more important that the European Commission takes immediate and decisive action.

This manufactured insolvency is clearly being set up to allow Lufthansa to take over a debt-free Air Berlin which will be in breach of all known German and EU competition rules.

Now even the German Government is supporting this Lufthansa-led monopoly with €150m of State Aid so that Lufthansa can acquire Air Berlin and drive domestic air fares in Germany even higher than they already are. German customers / visitors will suffer higher air fares to pay for this Lufthansa monopoly.

ENDS

 

For further information

please contact:

Robin Kiely Piaras Kelly

Ryanair DAC Edelman Ireland

Tel: +353-1-9451949 Tel: +353-1-6789333

[email protected] [email protected]

       

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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