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.
Egnatia Seaways and Ventouris Ferries have launched new routes to mainland Greece and the Ionian Islands and to celebrate this you can enjoy 20% off ferries between Italy and Greece/Ionian Islands this summer!