Finland Times

Saturday, 20 August, 2022
Home BUSINESSRyanair ordered to sell much of Aer Lingus stake
Thu, 29 Aug, 2013 03:14:33 AM
FTimes News Desk, August 29

Britain's Competition Authority has told the Irish low-cost airline Ryanair to sell much of its stake in the Aer Lingus. 

The Competition Commission said the budget airline must cut its stake in its Irish rival from 30 per cent to 5 per cent.

European Commission in February ordered that Ryanair might have acquired ownership of Aer Lingus. 

Both the Commission and the UK Competition Authority ruled that Ryanair's shareholding may lead to a substantial lessening of competition between the airlines on routes between UK and Ireland. Ryanair and Aer Lingus compete in 11 of the routes between the two countries. 

Ryanair considers the decision to be wrong and said it would appeal against the Commission and the UK's decision. Any litigation could take years.

comments powered by Disqus
More News

Copyright © 2022 All rights reserved
Developed By -