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UK: New revelations emerge in Ryanair, Aer Lingus relations

 |  August 31, 2013

Following reports that the UK’s Competition Commission will likely require budget airline Ryanair to cut its stake into rival airline Aer Lingus from 29.8 percent down to less than five percent, new revelations have emerged regarding the relationship between the two airliners.

According to reports, Aer Lingus was planning a merger with another airline in 2012 before Ryanair made what reports call a “hostile” bid for Aer Lingus, thereby halting the Irish airline’s merger talks.

Ryanair has denied that its bid prevented a merger between Aer Lingus and Etihad Airways last year; Etihad Airways was reportedly looking to acquire a three percent stake in the Irish company.

The revelations were reported from the Commission’s recent ruling against Ryanair, made last week.

Full Content: Invezz

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