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.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.