Low-cost Irish airline Ryanair will appeal against funds made available to the government-owned Italian airline that will replace Alitalia.
Ryanair considers the funds that will be made available to the new airline as illegal state support, airline CEO Eddie Wilson told Italian daily la Repubblica in an interview. “As soon as this money will be injected in the newco, we will take the (due) steps. We are waiting to see, but it is clear that it is illegal aid and we will defend our interest by appealing against this umpteenth loan.”
ITA will be a state-owned airline and will take over all the assets of Alitalia, with the government also injecting €3 billion (US$3.65 billion) in the capital. Italy is reportedly close to a deal with the European Commission to launch Italia Trasporto Aereo (ITA), which was initially expected to start flying again in April.
“I have the impression that there’s nothing new, ITA will just be the extension of Alitalia… with the same problems seen for decades, money being drained from public resources into an airline that today, like yesterday, will lose money,” Wilson said.
Ryanair recently urged the EU to require ITA to bid competitively for Alitalia’s airport slots. The carrier has made it known that it is interested in picking up Alitalia slots. The European Union competition watchdog is reviewing past and presents Italian state aid to Alitalia, with a decision expected in the coming weeks.
Under EU state aid rules, there needs to be an economic discontinuity between ITA and Alitalia for Brussels to allow Rome to inject the funds into the new carrier.
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