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Ryanair lobbies for government aid to airlines

25 November 2010

Ryanair has made an unprecedented alliance with full-frills carriers Emirates and Etihad Airways to lobby for an extension of government credit to airlines.

The budget carrier is among the leading members of a group of 10 airlines calling themselves the Aviation Alliance, which is demanding an overhaul of Export Credit rules.

The Aviation Alliance wants no limit on the amount of export credits extended to airlines, no increase in the fees for credit and no reduction in the proportion of the cost of an aircraft that can be financed.

The US and leading European Union governments, including the UK, offer credit to overseas purchasers of expensive technology and infrastructure, including aircraft, to encourage exports. Most overseas airlines take advantage of these export credits to buy Airbus and Boeing aircraft.

source: travelweekly.co.uk

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