ryanair ordered to pay back €96m in illegal state aid to france
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Ryanair ordered to pay back €9.6m in illegal state aid to France

Arab Today, arab today

Arab Today, arab today Ryanair ordered to pay back €9.6m in illegal state aid to France

Ryanair airplane
Paris - AFP

Low-cost airline Ryanair must repay about 9.6 million euros in illegal state aid it received from the French government for its operations at several regional airports, the European Commission said on Wednesday.
The Commission, the European Union's executive arm, said Ryanair would have to repay 868,000 euros ($1.16 billion) related to rebates and marketing arrangements negotiated at Angouleme airport in central France.
Ryanair had enjoyed "an undue advantage" and should repay the money so as to "remove the distortion of competition," the Commission said in a statement.
Similar findings at Pau Pyrenees airport required a repayment of 2.4 million euros with 6.4 million euros repayable at Nimes airport, both in southern France, it said.
The Commission said it was continuing an investigation into Austria's Klagenfurt airport where airport service and market agreements "appeared to be excessively favourable to Ryanair and therefore could involve incompatible state aid."
Probes into three German regional airports c Dortmund, Leipzig/Halle and Niederrhein-Weeze, where Ryanair is the largest client – found no problems with state-aid payments, it added.
In response, Ryanair said it welcomed the Commission's rulings on the three German airports but would appeal against the other findings.
"All of Ryanair's airport arrangements comply with EU state aid rules and Ryanair has therefore instructed its lawyers to appeal these rulings to the extent they erroneously allege otherwise," it said in a statement.
The company, which pioneered low-cost, no-frills air travel in Europe, said it currently ran four routes out of Nimes but had ceased operations at Pay Pyrenees in 2011 and at Angouleme in 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ryanair ordered to pay back €96m in illegal state aid to france ryanair ordered to pay back €96m in illegal state aid to france

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ryanair ordered to pay back €96m in illegal state aid to france ryanair ordered to pay back €96m in illegal state aid to france

 



GMT 20:34 2016 Saturday ,17 September

Macao's twin panda cubs named 'Jianjian', 'Kangkang'

GMT 14:34 2016 Sunday ,13 November

Taliban bomber kills 4 Americans in Afghanistan

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 19:17 2016 Friday ,11 November

A new-age port, near Old Montreal

GMT 12:14 2017 Thursday ,14 September

Wasoof resumes recording of his new album

GMT 12:58 2018 Sunday ,25 November

El-Sisi to inaugurate Cairo ICT 2018 on Sunday

GMT 19:33 2018 Wednesday ,17 October

Britain’s May faces Brexit face-off with EU leaders

GMT 23:33 2017 Wednesday ,20 December

AD Police Commander-in-Chief, Belarusian Ambassador

GMT 17:11 2017 Friday ,10 March

Dusty and Cold Weather Expected Tonight

GMT 09:02 2017 Friday ,14 April

$515 million syndicated finance facility signed
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday