The Ryanair Group is only too happy to hide the fact that it accepted a government loan of £ 600 million in the UK last year. This would have been due for repayment in April 2021. An agreement has now been reached with the government on a 12-month delay.

The Irish group is foaming against all state aid and loans that various governments of the EU countries are granting to airlines. For example, the subsidiary Lauda first demanded that two third parties of the support that Austrian Airlines received should be wanted. However, they never made an application and preferred to continue the long-planned flagging out to Malta.

As a publicly traded company, Ryanair Holdings plc was required to notify the extension of the UK government loan. At the same time, one writes in the said stock exchange document that one reckons that the cash balance will be around three billion euros by the end of the month. Ryanair also states that 80 percent of the fleet is unencumbered.