RYANAIR CALLS INSOLVENCY OF AIR BERLIN A COMPLOT
Irish low-cost airline Ryanair filed a complaint with German and European authorities because of Air Berlin insolvency. It already had long-term financial difficulties. Its main shareholder, Etihad, refused to finance it and so it demanded insolvency proceedings at Berlin court. It so far found help in its government.
“Air Berlin is currently running unchanged. The company is dealing with the German state to provide a bridging loan of 150 million euro for its operation.” said UP NEWS aviation expert Lukas Musil.
In addition, the government helps it to negotiate with other airlines to take over Air Berlin. And Ryanair doesn’t like that.
“Artificially created insolvency is obviously leading Lufthansa to take over Air Berlin, which is contrary to any competition rules in Germany and the EU.” said Ryanair.
Air Berlin united with Lufthansa, according to Ryanair, would lead to a monopoly and higher fares for both Germans and visitors of the Federal Republic.
“Lufthansa’s takeover of a part of the company would not be a problem in terms of competition.” said German Minister of Transport Alexander Dobrindt.
The British company EasyJet is also interested in Air Berlin. Last year alone, Air Berlin reported a loss of 728 million euros.
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