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Ryanair Called On The Ec To Block Aid Of €3.4 Billion To The Air France - KLM Alliance

Ryanair Called On The Ec To Block Aid Of €3.4 Billion To The Air France - KLM Alliance

Irish budget airline Ryanair has called on the EU Commission to block the provision of €3.4 billion, which the Dutch authorities have offered to allocate as support for the Air France - KLM Alliance, according to the announcement published on the website of Ryanair.

"We call on the European Commission to block this subsidy to KLM, which will further reduce competition and consumer choice in the Dutch and French markets," the airline's Chief Executive, Michael O'Leary, said in a statement.

Ryanair noted that despite its commitment to a conservative fiscal policy towards EU countries, the Dutch authorities are hasty in making decisions on granting subsidies to the "swollen" and "inefficient" Air France - KLM.

On Friday, Bloomberg, citing a letter to the Dutch Parliament from Finance Minister Vopke Hoekstra, announced the intention of the Dutch authorities to allocate €3.4 billion to support the Air France-KLM Alliance. According to the Agency, the government offers to allocate €2.4 billion in funding and €1 billion in state loans to the airline. In April, the French government promised to provide support for the Alliance in the amount of €7 billion.

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