August 16, 2017 / 12:05 PM / in 6 months

Germany rejects Ryanair claim that Air Berlin insolvency was staged

BERLIN (Reuters) - Germany on Wednesday rejected accusations by low-cost airline Ryanair (RYA.I) that Air Berlin’s (AB1.DE) filing for insolvency protection was aimed at preparing the German carrier for a takeover by Lufthansa (LHAG.DE).

    An economy ministry spokeswoman also said a bridging loan of 150 million euros ($175.5 million) the government has granted Air Berlin did not breach anti-trust rules.

    “I reject the accusation by Ryanair today that it was a staged insolvency application,” the spokeswoman said. “We assume that the loan is conform with the law”.

    Reporting by Joseph Nasr and Michael Nienaber; Editing by Maria Sheahan

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below