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Aug
2017
Thursday 17th
posted by Morning Star in World

GERMANY rejected yesterday budget airline Ryanair’s claims of a “conspiracy” behind its bailout of rival Air Berlin until a new owner is found.

The Irish airline lodged a complaint with EU competition authorities after Air Berlin filed for bankruptcy protection and then got a €150 million (£136m) loan from the German government.

Ryanair said late on Tuesday there was “an obvious conspiracy” between the German government, Lufthansa and Air Berlin.

Economy Ministry spokeswoman Beate Baron said it was “absurd” to claim that the rescue package had been staged.

Air Berlin filed for bankruptcy protection Tuesday after its main shareholder, Abu Dhabibased Etihad, stopped pumping funds int to the airline that lost €782m (£712m) last year.

Last year British PM David Cameron said EU rules against state aid for industries ruled out a bailout for Tata Steel — condemning 15,000 jobs and 25,000 more down the supply chain.




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