Airline in payback threat.Ryanair Ryanair (ISEQ: RYA, LSE: RYA, NASDAQ: RYAAY) is an Irish airline headquartered in Dublin, with its biggest operational base situated in London Stansted Airport in the UK. was today hearing whether it has to pay back millions of pounds in subsidies it was given by Charleroi airport in Belgium. The European Commission has been investigating whether such aid can be allowed to continue when it only applies to one airline and therefore gives Ryanair an unfair advantage over rivals. If, as likely, the discounts on landing rights are declared illegal, the company, which last week announced its first fall in profits since flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. , will have to repay millions of pounds. Estimates put the penalty at nearly pounds 3m. |
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