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Ryanair vows to appeal against Lufthansa aid package

Tue, 26th May 2020 11:14

DUBLIN/PARIS, May 26 (Reuters) - Ryanair will
contest a 9 billion-euro ($9.9 billion) 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.
($1 = 0.9126 euros)
(Reporting by Conor Humphries and Laurence Frost; Editing by
Jon Boyle)

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