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.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI