Lufthansa Bailout Set to Trigger Turf War With Low-Cost Rivals
- ‘We are trying to take advantage of the situation’: Wizz CEO
- Legacy carriers giving up airport slots could hasten shift
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Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European aviation’s old guard and low-cost challengers.
A rivalry that’s been simmering for years has been given fresh impetus by the coronavirus crisis, with former flag carriers falling back on government support as discounters including Ryanair Holdings Plc and Wizz Air Holdings Plc argue that the market alone should dictate who survives.