Small airlines want EU cash,slam Ryanair

"Europe's smaller airlines want access to European Investment Bank (EIB) funding as some will battle to stay in business this winter, according to the head of the European Regions Airline Association (ERA). The ERA also took the opportunity to take a pot-shot at Ireland's Ryanair, calling its chief executive, Michael O'Leary a "cheap tailor". The ERA, which represents 65 regional airlines, has sent a paper to the European Commission (EC) asking for access to EIB loans, which are available to other ailing industries such as car manufacturing. "If a number of carriers have to endure a poor winter, cash resources are very limited. Regional carriers are in trouble as they have already been parsimonious. They've got (no costs) to cut, so some airlines are going to find it desperately difficult to survive," ERA Director General Mike Ambrose told Reuters."
Source: Business and Finance Daily News Service