Ryanair says Air France bailout to damage competition for decades


2/2

© Reuters. FILE PHOTO: Air France Airbus A321 airplane takes off at Toulouse-Blagnac Airport

2/2

DUBLIN (Reuters) – A recapitalisation of Air France-KLM that will see France more than double its stake to nearly 30% will damage competition for decades to come, Europe’s largest low-cost carrier Ryanair said on Tuesday.

“This latest tranche of state aid to Air France combined with these ineffective remedies will damage competition in the air transport market for decades to come,” the airline said in an emailed statement.

“The 18 slots that Air France is being required to make available is nowhere near enough to allow others to offer a competitive challenge to Air France’s dominance at Paris Charles de Gaulle and Paris Orly airports,” the statement said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  StockBeat - Peloton Backpedals Sharply as Short Seller Says Shares Worth $5





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here