Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRYA.L Regulatory News (RYA)

  • There is currently no data for RYA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RYANAIR STATEMENT ON STATE AID RULINGS

23 Jul 2014 11:55

RNS Number : 1173N
Ryanair Holdings PLC
23 July 2014
 



RYANAIR WELCOMES EU CONFIRMATION THAT AIRPORT DEALS COMPLY WITH STATE AID RULES

Ryanair, Europe's favourite low fares airline, today (23 July) welcomed the EU Commission's confirmation that Ryanair's airport agreements at Niederrhein Airport comply with the State aid rules (Market Economy Investor Principle). This finding is consistent with the EU Commission's and EU Court's previous rulings that Ryanair's airport agreements with Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports also comply with EU State aid rules.

Ryanair also noted the EU Commission's decisions concerning Pau (ceased operations in March 2011) and Angouleme (ceased operations in October 2009) airports, and Nimes airport where Ryanair currently operates 4 routes. All of Ryanair's airport arrangements comply with the EU State aid rules and Ryanair has therefore instructed its lawyers to appeal these rulings to the extent they erroneously allege otherwise.

Ryanair's Director of Legal and Regulatory Affairs, Juliusz Komorek said:

"Today's decisions confirm that Ryanair's airport agreements at Niederrhein Airport comply with the EU State aid rules (Market Economy Investor Principle). Following the closure of this case and the earlier six positive decisions at Aarhus, Bratislava, Charleroi, Marseille, Berlin Schönefeld and Tampere airports, we will immediately appeal the decisions in Pau, Angouleme and Nimes cases where the EU Commission mistakenly suggested that the airports' agreements with Ryanair did not fully comply with the EU State aid rules.

Ryanair has to date carried 86.5m passengers at the 7 airports where our commercial arrangements have been confirmed by the EU Commission and the EU Court to comply with EU law, compared to just 3.4m passengers at the airports where the Commission today suggested that the airport agreements did not comply with State aid rules.

We remain committed to growing traffic from the current 85mppa to over 110mppa by FY2019, in partnership with both private and public airports across Europe where all of our arrangements are arms-length commercial deals consistent with the EU Market Economy Investor Principle."

Ends

 

For further information

please contact: Robin Kiely Joe Carmody

Ryanair Ltd Edelman Ireland

Tel: +353-1-9451212 Tel: +353-1-6789 333

press@ryanair.com ryanair@edelman.com

 

Follow us on Twitter: @Ryanair  

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUWAMUPCGUW
Date   Source Headline
2nd Feb 20217:15 amRNSRYANAIR JANUARY TRAFFIC DOWN 88% TO 1.3m GUESTS
1st Feb 20211:11 pmRNSTotal Voting Rights
1st Feb 20217:00 amRNS3rd Quarter Results
27th Jan 202110:26 amRNSHolding(s) in Company
25th Jan 202110:13 amRNSHolding(s) in Company
22nd Jan 20217:00 amRNSHolding(s) in Company
21st Jan 20217:00 amRNSHolding(s) in Company
15th Jan 20215:41 pmRNSHolding(s) in Company
12th Jan 20217:00 amRNSHolding(s) in Company
7th Jan 20217:00 amRNSRYANAIR CUTS FULL YEAR TRAFFIC FORECAST TO LESS THAN 30M
6th Jan 20215:00 pmRNSRyanair Consents to Migration of Ordinary Shares
5th Jan 20217:15 amRNSRYANAIR DECEMBER TRAFFIC DOWN 83% TO 1.9m GUESTS
4th Jan 20212:23 pmRNSTotal Voting Rights
4th Jan 20217:00 amRNSHolding(s) in Company
29th Dec 20207:10 amRNSRYANAIR RESTRICTS NON-EU VOTING RIGHTS POST-BREXIT
24th Dec 202010:21 amRNSHolding(s) in Company
23rd Dec 20202:10 pmRNSHolding(s) in Company
22nd Dec 20209:13 amRNSHolding(s) in Company
21st Dec 20207:00 amRNSHolding(s) in Company
18th Dec 20205:07 pmRNSHolding(s) in Company
18th Dec 20203:06 pmRNSHolding(s) in Company
17th Dec 20206:25 pmRNSDirector/PDMR Shareholding
17th Dec 202011:30 amRNSResult of EGM
14th Dec 20208:47 amRNSHolding(s) in Company
9th Dec 20205:00 pmRNSUpdated arrangements for the EGM 17 December 2020
9th Dec 20203:21 pmRNSHolding(s) in Company
8th Dec 20206:25 pmRNSDirector/PDMR Shareholding
8th Dec 20205:45 pmRNSHolding(s) in Company
3rd Dec 20202:45 pmRNSRYR ORDERS 75 BOEING MAX-8200 AIRCRAFT (210 TOTAL)
3rd Dec 202011:12 amRNSHolding(s) in Company
2nd Dec 20207:15 amRNSRYANAIR NOVEMBER TRAFFIC DOWN 82% TO 2.0m GUESTS
1st Dec 202010:23 amRNSTotal Voting Rights
1st Dec 20207:07 amRNSHolding(s) in Company
1st Dec 20207:02 amRNSHolding(s) in Company
24th Nov 20207:00 amRNSNotice of EGM
18th Nov 20209:41 amRNSHolding(s) in Company
17th Nov 20209:10 amRNSHolding(s) in Company
16th Nov 20204:25 pmRNSHolding(s) in Company
4th Nov 20206:22 pmRNSHolding(s) in Company
4th Nov 20207:00 amRNSHolding(s) in Company
3rd Nov 20207:15 amRNSRYANAIR OCTOBER TRAFFIC DOWN 70% TO 4.1m GUESTS
2nd Nov 20203:40 pmRNSTotal Voting Rights
2nd Nov 20207:00 amRNSHalf-year Report
30th Oct 20203:27 pmRNSHolding(s) in Company
29th Oct 20207:15 amRNSNOTIFICATION OF CHANGE IN DIRECTOR’S DETAILS
27th Oct 20208:53 amRNSHolding(s) in Company
15th Oct 20207:00 amRNSRYANAIR TO CUT WINTER CAPACITY FROM 60% TO 40%
9th Oct 20209:28 amRNSHolding(s) in Company
2nd Oct 20207:15 amRNSRYANAIR SEPTEMBER TRAFFIC DOWN 64% TO 5.1m GUESTS
30th Sep 20204:23 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.