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Ryanair Holdings Plc (LON:RYA) is going to legally challenge the Portuguese government's investment in ailing flag carrier TAP Air Portugal.
- Recently it was reported that the Portuguese government could nationalise TAP and it finally announced a deal with its private shareholders to increase its stake to 72.5% from the existing 50%.
- The company has said that it will challenge the illegal state aid to TAP in the European Courts
- Recently the company had informed that 100 per cent of its Irish Pilots agreed for a settlement which includes a 20 per cent pay reduction, restored over 4 years, in a bid to save Irish pilot jobs.
- On 6th July 2020, at the time of writing, GMT 10:56 AM, RYA shares were trading at EUR 11.21, up by 0.24 points or 2.23% against the previous day closing price.
