The CEO of the Irish airline sarcastically: “Brussels is open and transparent”. And he adds: “Lufthansa will use Ita to bring passengers to its hubs”
“Lufthansa’s entry into Italy is part of an unavoidable consolidation process and anyone could run Italy better than the Italian governments, which have proved extremely incompetent for years,” said Ryanair CEO Michael O’Leary at a press conference in Brussels.
Ryanair CEO ironic: “Brussels is open and transparent”
“As always, the European Commission will automatically approve” Lufthansa’s acquisition of a stake in Ita, because “Lufthansa and Air France can always buy what they want”. Michael O’Leary, CEO of Ryanair, said it, adding ironically that it’s all part of the EU’s open and transparent competition policy. “We want to improve the way the European Commission supervises these types of mergers, in this case German consumers will bear the brunt,” O’Leary denounced.
Lufthansa will use Ita to bring passengers to hubs
“Lufthansa will do the same with Italy as with the acquisitions in Belgium, Austria and Switzerland,” added Michael O’Leary. “All promises disappear and Italy will be used to take passengers to the hubs of Frankfurt and Munich,” the CEO continues. of Ryanair at a press conference in Brussels. “Fortunately, Italy is no longer dependent on a monopoly and its passengers will continue to fly thanks to Ryanair’s affordable fares,” O’Leary stressed, adding that Lufthansa doesn’t really care about Italy, “it only cares about making it a big passenger transfer machine in Germany,” specifies Ryanair’s CEO. He then responds to Lufthansa’s CEO Carsten Spohr’s allegations that Ryananir has a dominant share in the Italian market. given their position in Germany. To conclude: “Italy is a vibrant market and will continue to rely on Ryanair, we are still growing strongly and are continuing to invest”.
Source: TG 24 Sky
I am Lawrence Sickels and I work in the news industry. For the past few years, I have been writing for The News Dept, a web-based platform dedicated to providing readers with quality journalism. My main area of focus is covering economic news and business trends across the globe.
