Reuters - Video

Edition: US | UK | IN | CN | JP

video Business Travel

London's Tate Modern to open new wing
London's Tate Modern to open new wing - 01:27
Stolen ancient sculpture returns to Italy
Stolen ancient sculpture returns to Italy - 00:48
Schiphol airport closed briefly on security threat
Schiphol airport closed briefly on security threat - 00:47
NIH's Fauci: No Zika infections contracted within U.S.
NIH's Fauci: No Zika infections contracted within U.S. - 00:51
Therapy dogs calm stressed out holiday travelers
Therapy dogs calm stressed out holiday travelers - 00:54
Private bridge links U.S.-Mexico
Private bridge links U.S.-Mexico - 01:15
US Airways makes final flight
US Airways makes final flight - 00:51
Southwest flights delayed by online booking glitch
Southwest flights delayed by online booking glitch - 00:37
Oktoberfest: Bavarian costumes, bands and beer
Oktoberfest: Bavarian costumes, bands and beer - 00:57
Inflatable maze enchants visitors in Geneva
Inflatable maze enchants visitors in Geneva - 01:02
Robots run the show at Japanese hotel
Robots run the show at Japanese hotel - 01:32

Why Ryanair's uphappy with Air Berlin's insolvency

Wednesday, August 16, 2017 - 01:21

The European Commission has confirmed the receipt of a formal complaint lodged by airline Ryanair against Air Berlin. As Laura Frykberg reports, the budget airline is concerned Air Berlin is being prepared for a take-over by Lufthansa, which Ryanair believes would breach competition rules.

▲ Hide Transcript

▶ View Transcript

It's only a day since it filed for insolvency. But already there's a row involving the airlines circling in on Air Berlin. Lufthansa's bid to take over parts of the business from its smaller rival has got Ryanair raising a red flag. Lodging an anti-competitive complaint with the European Commission. (SOUNDBITE) (English) EUROPEAN COMMISSION COMPETITION SPOKESPERSON, RICARDO CARDOSA, SAYING: "At this stage I don't think we are taking about a violation, what we're talking about is Germany has notified to the Commission aid to Air Berlin, and so we can confirm this notification, and now the Commission will assess it." The German Transport Minister says there's no problem because Air Berlin will be sold off in stages. An answer, some German analysts say, will fly with the authorities. (SOUNDBITE) (German) CAPITAL MARKETS SPECIALIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "I do not believe that Ryanair will be successful with their protest, because it is legitimate for a federal government to give guarantees, for example, to keep an airline operational, at least for a certain time." And that is what the German government has done... Granting Air Berlin a bridging loan of 150 million euros, so it can stay operational for next three months... And secure more than 7000 jobs. It says it's expecting a decision from the Lufthansa negotiations in the coming weeks.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Why Ryanair's uphappy with Air Berlin's insolvency

Wednesday, August 16, 2017 - 01:21

Featured Videos

Ocean clean-up ship fuelled by plastic pollution

Ocean clean-up ship fuelled by plastic pollution

Plans have been revealed for a self-powering ship that will remove plastic pollution from the sea, processing it into fuel as it goes
Ivorian wins first African freestyle football champs

Ivorian wins first African freestyle football champs

A freestyle footballer from Ivory Coast wins the first African championships, held in Nigeria
Che Guevara poster artist on revolutionary times

Che Guevara poster artist on revolutionary times

Fifty years after creating the Che Guevara poster that still adorns student bedrooms around the world, Irish artist Jim Fitzpatrick is delighted at its ubiquity, but concerned at its exploitation for commercial gain
Netfix and HBO tie for total wins at the Emmys

Netfix and HBO tie for total wins at the Emmys

It was a night of upsets for the highest honours in television and a triumph for streaming services, as Netflix drew with HBO for first place at the awards show
BMW shows off self-driving motorcycle

BMW shows off self-driving motorcycle

BMW has released video of its first self-driving motorbike, an autonomous version of its R1200GS motorcycle