SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of October 2008
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No ..X..
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
RYANAIR
LAUNCHES
STATE
AID COMPLAINT AGAINST LATEST
UNLAWFUL ALITALIA BAILOUT
Ryanair, Europe's largest low fares airline, today (
Thursday,
2
nd
October, 2008
)
announced that it
had submitted a
formal
complaint
to the EU Commission
regarding the latest
unlawful
bailout of the
failed
Italian national carrier, Alitalia.
Ryanair's action comes after the
Italian Government announced that it had reached agreement with Alitalia
's
unions regarding an offer made by a consortium of Italian investors (CAI).
The deal calls for another
farcical
renaming of Alitalia and wri
ting off between €1.2 and €2bln
worth of
its
debt in
order to secure investors
.
Ryanair has
previously submitted several complaints against Alitalia and other flag
carrier airlines, including Olympic, Air France and Lufthansa, against which the EU
Commission has taken no action.
Ryanair highlighted that t
his ongoing unlawful protection of flag carriers by their member state governments,
which amount
s
to billions of euro, increasingly make
s
a mockery of the EU Commission's enforcement of the state aid rules.
Announcing
the complaint
,
Ryanair's
Director of Legal and
Regulatory Affairs,
Jim Callaghan,
said:
"
This is
the latest and perhaps most blatant example of the Italian Government doing
whatever it takes to protect their failed airline, Alitalia
.
It is also the second time that they have used the trick of simply shifting debt
out of the airline and into a subsidiary in order to keep the airline afloat. In
this instance, the Italian government is writing off
up to €2bln. in Alitalia debts and is guaranteeing the investments by the
members of the consortium and underwriting huge concessions to the unions in
exchange for their agre
ement to these ludicrous plans.
"However, despite the blatant nature of the Italian Government's breaches of the
EU state aid rules, we have no doubt that the EU Commission will again rubber stamp
this unl
awful bailout, as they did
3 years ago and
more recently
in a similar case involving Olympic. In such case, Ryanair will appeal
this decision to the European courts to expose the corrupt and biased application
by the Commissi
on of its own state aid rules.
"Ryanair has already been forced to take
several cases
against the Commission for its failure to take action against other
blatant breaches of the state aid rules by member state governments to protect and
bail out their inefficient flag carriers. These repeated failures by the Commission
are
contributing to
a
massively distorted playing field
in European aviation
.
"Ryanair will continue to expose the biased and corrupt application of the state
aid rules by the
European
Commission to ensure that economically and environmentally unsustainable
airlines like Alitalia and Olympic Airways are forced to exit the market - which is
what is supp
osed to happen in a free market
"
.
Ends.
Thursday, 2
nd
October 2008
Stephen McNamara
Pauline McAlester
Ryanair
Murray Consultants
Tel: 00 353 1 812 1271
Tel: 00 353 1 4980 300
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto duly
authorized.
Date: 02 October 2008
|
By:___/s/ James Callaghan____
|
|
|
|
James Callaghan
|
|
Company Secretary & Finance Director
|