Ryanair firm under more scrutiny

A CONTRACT between a little-known offshore company owned by Ryanair and Montpellier Airport in France could be the latest agreement involving the no-frills airline to run in EU legislative difficulty.

Leading Verge, a wholly-owned subsidiary of Ryanair based in the Isle of Man, won a public tender issued by Montpellier Airport last year which could be worth over 600,000 per annum.

The deal is believed to be unique among the various marketing agreements Ryanair has reached with about 20 airport authorities in France.