France probes possible misappropriation of funds that favoured Ryanair

France probes possible misappropriation of funds that favoured Ryanair

A source says the probe is focused on Ryanair's operations at La Rochelle airport.

Ryanair said all its agreements with airports are arms-length commercial agreements. (AFP pic)
PARIS:
France’s national financial prosecutor (PNF) has opened a probe into the possible misappropriation of public funds that may have benefited budget airline Ryanair, said a judicial source on Friday, confirming an earlier report in Le Parisien paper.

The source said the probe focused on Ryanair’s operations at La Rochelle airport, and that it was also investigating local commerce and trade union bodies over this.

“All Ryanair’s agreements with airports are arms-length commercial agreements, fully compliant with the Market Economy Operator Principle. Unlike Air France and other legacy airlines, Ryanair does not use State Aid,” said Ryanair, when asked to comment on the matter.

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