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Ryanair welcomes EU findings
StockMarketWire.com
Ryanair, the low fares airline, has welcomed the EU Commission's confirmation that the company's airport agreements at Niederrhein Airport comply with the State aid rules (Market Economy Investor Principle).
It says this finding is consistent with the EU Commission's and EU Court's previous rulings that Ryanair's airport agreements with Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports also comply with EU State aid rules.
Ryanair also noted the EU Commission's decisions concerning Pau (ceased operations in March 2011) and Angouleme (ceased operations in October 2009) airports, and Nimes airport where Ryanair currently operates 4 routes. All of Ryanair's airport arrangements comply with the EU State aid rules and Ryanair has therefore instructed its lawyers to appeal these rulings to the extent they erroneously allege otherwise.
Ryanair's Director of Legal and Regulatory Affairs, Juliusz Komorek said: "Today's decisions confirm that Ryanair's airport agreements at Niederrhein Airport comply with the EU State aid rules (Market Economy Investor Principle). Following the closure of this case and the earlier six positive decisions at Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports, we will immediately appeal the decisions in Pau, Angouleme and Nimes cases where the EU Commission mistakenly suggested that the airports' agreements with Ryanair did not fully comply with the EU State aid rules."
http://www.moneyam.com/action/news/showArticle?id=4854553
Ryanair welcomes EU findings
StockMarketWire.com
Ryanair, the low fares airline, has welcomed the EU Commission's confirmation that the company's airport agreements at Niederrhein Airport comply with the State aid rules (Market Economy Investor Principle).
It says this finding is consistent with the EU Commission's and EU Court's previous rulings that Ryanair's airport agreements with Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports also comply with EU State aid rules.
Ryanair also noted the EU Commission's decisions concerning Pau (ceased operations in March 2011) and Angouleme (ceased operations in October 2009) airports, and Nimes airport where Ryanair currently operates 4 routes. All of Ryanair's airport arrangements comply with the EU State aid rules and Ryanair has therefore instructed its lawyers to appeal these rulings to the extent they erroneously allege otherwise.
Ryanair's Director of Legal and Regulatory Affairs, Juliusz Komorek said: "Today's decisions confirm that Ryanair's airport agreements at Niederrhein Airport comply with the EU State aid rules (Market Economy Investor Principle). Following the closure of this case and the earlier six positive decisions at Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports, we will immediately appeal the decisions in Pau, Angouleme and Nimes cases where the EU Commission mistakenly suggested that the airports' agreements with Ryanair did not fully comply with the EU State aid rules."
http://www.moneyam.com/action/news/showArticle?id=4854553