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The government-backed aid will allow Lufthansa (DE:LHAG) to “engage in below-cost selling” and make it harder for Ryanair, its Laudamotion subsidiary and rival low-cost carrier easyJet (L:EZJ) to compete, O’Leary said.
“Ryanair will appeal against this latest example of illegal state aid to Lufthansa, which will massively distort competition,” he added in the statement.
