Ryanair Holdings PLC - RYR LETTER TO UK CHANCELLOR RE FLYBE APD 'HOLIDAY'
RYANAIR CALLS ON CHANCELLOR SAJID JAVID TO EXTEND FLYBE APD 'HOLIDAY' TO ALL
Ryanair, which is the largest passenger airline operating to and from the
Ryanair pointed out that the Flybe business model is neither profitable nor viable and has lurched from failure to failure repeatedly over the last 20 years.
Ryanair also pointed out that while the Flybe business model is unsustainable, it is owned by billionaires including
"This Government bailout of the billionaire owned Flybe is in breach of both Competition and State Aid laws. The Flybe model is not viable which is why its billionaire owners are looking for a state subsidy for their failed investment.
The reason why Flybe isn't viable is because it cannot compete with lower fare services from
This Flybe 'subsidy' cannot comply with Competition, or State Aid rules unless the same APD eco tax holiday and other Government subsidies are extended to all other
For further information
Ryanair DAC Edelman Ireland
Tel: +353-1-9451949 Tel: +353-1-6789333
This information is provided by RNS, the news service of the
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