A PYMNTS Company

Ireland: After failed buyout attempts, Ryanair may lose chunk of Aer Lingus stake

By  |  May 28, 2013
Ireland: After failed buyout attempts, Ryanair may lose chunk of Aer Lingus stake

As flights between Ireland and Britain are almost exclusively controlled by Ryanair and Aer Lingus, regulators may soon force Ryanair to divest half of its stake in Aer Lingus as the UK’s Competition Commission reviews the situation. According to reports, the Commission will decide this week if a forced divestment will occur, though the structure of the market and the dominance of the two airlines suggest a divestment is likely. The news is a major blow to the budget carrier that has made several attempts to acquire sole control of Aer Lingus; three attempts have been made, all of which were blocked by regulators over competition concerns. Ryanair head Michael O’Leary has said he would appeal if regulators decide to force the company to sell its stake in Aer Lingus.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Irish Central

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.