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UK: Ryanair lawyers to appeal “ridiculous” regulator ruling

 |  June 11, 2015

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

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