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Ryanair accuses Lufthansa of damaging Laudamotion; asks regulators to step in

StockMarketWire.com

Ryanair welcomed the EU Commission's decision to approve its proposed acquisition of Laudamotion, but also claimed that German carrier Lufthansa was attempting to 'destabilise and damage' the Austrian airline.

It called on regulators to intervene to stop Lufthansa's alleged 'anti-consumer' behavior.

Ryanair was buying the 75% interest in Laudamotion that it didn't already own.

'However, Laudamotion is currently under threat by Lufthansa who are attempting to remove the nine aircraft Lufthansa was obliged by the European Commission to provide to Laudamotion in order to allow Laudamotion to restart services,' Ryanair claimed.

Ryanair also claimed that Lufthansa had failed to deliver two of the 11 aircraft they were required to under the EU Competition decision concerning Lufthansa's acquisition of Air Berlin.

Among other accusations, it said the German carrier had also delayed payment of over €1.5m of wet lease payments due to Laudamotion, for flights which Laudamotion operated for Lufthansa in March, April and May.

'We welcome the EU Commission's decision to approve Ryanair's proposed acquisition of a 75% interest in Laudamotion,'chief legal and regulatory officer Juliusz Komorek said.

'Ryanair remains committed to bringing competition, choice and low fares to the Austrian, German and Spanish markets through our investment in Laudamotion.'

'We urge the EU competition authorities to take action and prevent any further attempts by Lufthansa to damage competition through its anti-consumer behaviour.' Story provided by StockMarketWire.com