The UK competition commission has ordered Ryanair to sell most of its almost 30% stake in Aer Lingus.
The final warning follows a long-running stand-off between the budget carrier and the body, which says Ryanair needs to reduce its shareholding to 5%.
The airline vowed back in February that it would keep fighting the ruling, after the UK Court of Appeal rejected Ryanair’s bid to overturn it.
A statement from the company at the time cited its “human rights” – while this morning, the carrier has slammed the latest announcement as “ridiculous”.
Ryanair had requested the Competition and Markets Authority re-examine its decision at that point – a year-and-a-half after the original ruling in August 2013. However, an April ruling the CMA provisionally found there was “no material change or special reason” to do so.
Full content: Business Traveller
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