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Ryanair vows to appeal German aid package for Lufthansa

DUBLIN and PARIS
Reuters
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Ryanair chief executive Michael O'Leary addresses a news conference in Vienna on March 28, 2018.

Heinz-Peter Bader/Reuters

Ryanair will contest a 9-billion euro German aid package for Lufthansa, the budget airline’s Chief Executive Michael O’Leary said in a statement on Tuesday.

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, O’Leary said.

“Ryanair will appeal against this latest example of illegal state aid to Lufthansa, which will massively distort competition,” he added in the statement.

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