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Ryanair revived by repayment relief

13 April 2012

RYANAIR shares rallied to e5.17 from e4.96 today after the European Comission ordered lower-than-expected repayments of subsidies given by Belgium's Charleroi airport, which were yesterday adjudged improper.

The airline is now expected to have to repay e4m (£2.7m), after reports yesterday suggested the total would be e5m (£3.5m).

EasyJet shares rose 1 1/2p to 335p.

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