A PYMNTS Company

UK: Ryanair boss seeks CMA damages

 |  May 18, 2015

Ryanair’s chief executive Michael O’Leary has said the airline will push for damages if the competition watchdog fails to reverse a ruling ordering it to sell its stake in Aer Lingus.

In April the Competition and Markets Authority ruled that there had been “no material change in circumstances or special reason for it not to implement the remedies in the Ryanair/Aer Lingus inquiry”.

However, in an interview with The Sunday Telegraph, O’Leary said Ryanair would pursue the CMA in court if the decision was not changed.

“Ultimately if our appeal is successful we’re going after them for damages,” he said.

He added: “If we didn’t have a divestment decision hanging over us, I think the share price of Aer Lingus would have been significantly higher when IAG originally launched their offer.”


Full content: City A.M.

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