Germany rejects Ryanair claim that Air Berlin insolvency was staged
Germany on Wednesday rejected accusations by low-cost airline Ryanair that Air Berlin`s filing for insolvency protection was aimed at preparing the German carrier for a takeover by Lufthansa.
An economy ministry spokeswoman also said a bridging loan of 150 million euros ($175.5 million) the government has granted Air Berlin did not breach anti-trust rules.
"I reject the accusation by Ryanair today that it was a staged insolvency application," the spokeswoman said. "We assume that the loan is conform with the law".
($1 = 0.8546 euros)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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