Ryanair to Repay Pounds 2.8m of Subsidies

Summary


No-frills airline Ryanair has agreed to repay pounds 2.8 million in illegal state subsidies paid by Belgium to encourage it to keep a hub at the country's Charleroi airport.

The Dublin-based carrier, which flies from Birmingham International and East Midlands airport, said it would place four million euros in an escrow account until the European courts hear its appeal of the European Commission's decision to rule the payments illegal.

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Extract


Ryanair to Repay Pounds 2.8m of Subsidies

It said that if its...

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