The head of low-budget airline Ryanair attended a Competition Commission hearing to enthusiastically disagree with the regulator’s decision to block a merger between the airline and its competitor Aer Lingus in addition to requiring Ryanair to divest its current holding of 29.8 percent in the rival company. Ryanair head Michael O’Leary put politeness aside to denounce the Commission’s regulation, calling it a “bizarre waste of taxpayers’ money” and accusing the Commission of ignoring more than six years’ worth of evidence he says shows a merger would not harm competition. O’Leary made the comments days after his showing in front of the regulator. While the European Commission found increased competition within European carriers, the UK’s regulator will still continue the forced divesture of Aer Lingus stake, say reports.
Full Content: Telegraph
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI