Somewhat predictably, Ryanair just rattled its saber at AZ and announced today that it had submitted a formal complaint to the EU Commission regarding "the latest unlawful bailout" of Alitalia.
"This is the latest and perhaps most blatant example of the Italian government doing whatever it takes to protect their failed airline," said Ryanair's Jim Callaghan in a statement.
"It is also the second time that they have used the trick of simply shifting debt out of the airline and into a subsidiary in order to keep the airline afloat."
Nevertheless, he barely believes in the effectiveness of their own gesture, adding: "Despite the blatant nature of the Italian government's breaches of the EU state aid rules, we have no doubt that the EU Commission will again rubber stamp this unlawful bailout."
Any comments?