Ryanair Seeks to Topple Lufthansa’s Rescue at EU Court
- Airline asks court to cancel EU approval of recapitalization
- Ryanair fears burning cash while rivals get state bailouts
Ryanair is challenging more than a dozen state bailouts for airlines across Europe.
Photographer: Andreas Arnold/DPA/AFP/Getty Images
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Ryanair Holdings Plc sought to shoot down Germany’s multibillion euro bailout for Deutsche Lufthansa AG, asking a European Union court to cancel EU approval.
Germany’s 6 billion-euro ($7.3 billion) recapitalization and a state guarantee for a 3 billion-euro loan “discriminates unlawfully between EU airlines,” Ryanair said in an emailed statement on Thursday. The carrier filed its challenge at the EU’s General Court on Jan. 22.