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Ireland: Ryanair untrustworthy in Aer Lingus sale, says Aer Lingus

By  |  July 19, 2013
Ireland: Ryanair untrustworthy in Aer Lingus sale, says Aer Lingus

Ryanair cannot be trusted to sell off its stake in Aer Lingus, Aer Lingus told reporters. Ryanair has thus far made more than one unsuccessful attempt to buyout the rest of the Irish airliner; the company currently holds a near 30 percent stake in the company. Specifically, Aer Lingus expressed concern that Ryanair may sell that stake to its so-called allies that may be prompted to initiate yet another bid to takeover Aer Lingus. Aer Lingus reportedly requested to the UK’s Competition Commission that if Ryanair looks to divest its Aer Lingus stake, regulators should appoint a third-party to oversee the sale.

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