Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Alleging a conspiracy between Lufthansa management and Air Berlin, budget airline Ryanair filed a complaint with European Union (EU) competition authorities on Tuesday.

Ryanair filed the complaint after Air Berlin filed for bankruptcy protection and received a government loan of 150 million euro ($177M) to stay afloat.

The government loan is expected to help Air Berlin to keep flights going on for the next quarter months, allowing the company’s negotiations for a possible deal with German airline Lufthansa to continue.

Jonathan Wober, a senior analyst at CAPA-Centre for Aviation, said, “Lufthansa has played a canny waiting game over a number of years and is now well placed to cherrypick those parts of Air Berlin's operation that suit it best without buying the whole loss-making enterprise.”

Air Berlin’s insolvency surfaced as thousands of people in Germany are using airline services to enjoy summer holidays, as well as just ahead of general election in September.

News: 
Location: 
Company: 

Popular Stories

Facebook reportedly working on dedicated video chat device

Social-networking giant Facebook is reportedly... Read More

Mario Draghi was right in keeping inflation expectations low

The European Central Bank’s president, Mario Draghi... Read More

Sprint reportedly proposes merger with Charter

Seeking an alternative to a deal with T-Mobile USA... Read More

Barclays results depict bleak picture of South African economy

Johannesburg-based Barclays Africa Group’s... Read More

Barclays Africa reports decline in first-half income

Barclays Africa Group Limited on Thursday reported... Read More

YouTube Red to be merged with Google Play Music

Internet search giant Google has confirmed that it... Read More