Date: 08 Jun 2006 00:00Source: Lloyd's Register - Fairplay
P&O Ferries is considering its legal options after an appeal against a ruling that said the company received illegal state aid, was turned down by the European Court of Justice on 1 June. The new ruling from the court in Luxembourg confirms that P&O received subsidies from Basque institutions when it launched its Portsmouth-Bilbao line 15 years ago.
"We need to consider the options before deciding how to proceed following the case; we have not had a chance to take advice," a P&O spokesman said.
The new ruling says P&O will now have to return almost euro6M ($7.67M) of alleged illegal public subsidies. The ruling comes after P&O adjusted its deal with Basque institutions following an initial ruling against the ferry company. The legal case against P&O was brought forward in 1992 by rival ferry operator Brittany Ferries which had argued that the upfront purchase of 26,000 ferry tickets by Basque institutions had affected fair competition.
National Ferry Fortnight is now underway and during the next 2 weeks you will find some great ferry deals travelling with all of the major ferry operators including Brittany Ferries, Irish Ferries, MyFerryLink, P&O Ferries and Stena Line when you book your ticket at Direct Ferries.
Book your ferry ticket to France, Holland, Belgium, Scotland or Northern Ireland travelling any time in 2015 with P&O Ferries and upgrade to Club Class for half the usual price when you book your ticket during National Ferry Fortnight (over the next 2 weeks) at directferries.co.uk!
Get your family holiday off to a great start by taking advantage of Brittany Ferries special family ferry offer to celebrate National Ferry Fortnight when you book your ticket by 17th March at directferries.co.uk