Ryanair Issues Statement On EU Confirmation Of Ryanair's Airport Agreements

(RTTNews) - Ryanair Holdings plc (RYA.L, RYAAY) welcomed the EU Commission's confirmation that Ryanair's airport agreements at Brussels Charleroi, Frankfurt Hahn, Alghero and Stockholm Vasteras airports comply with the Market Economy Investor Principle and do not infringe the EU State aid rules. The Group said the Charleroi finding affirms the EU Court's December 2008 ruling and brings to an end the long-running case which the EU Commission first considered in 1999.

Ryanair said it has noted the EU Commission's decision concerning Zweibrücken airport, where Ryanair ceased operations in 2009 having carried just 50k passengers. The Group said all of its airport arrangements comply with the EU State aid rules and has therefore instructed its lawyers to appeal the ruling to the extent it alleges otherwise.