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UK: Ryanair’s appeal of Aer Lingus ruling set for Tribunal

By  |  February 12, 2014

Ryanair’s appeal of an earlier Competition Commission ruling that forced the airline to reduce its stake in Aer Lingus is headed to the Competition Tribunal in London, say reports.

The Commission ordered Ryanair to reduce its stake in Aer Lingus to just five percent after the low budget airline looked to increase its stake in the Irish peer. But Ryanair, which holds a 29.8 percent stake in the company, said that the August decision had no foundation in competition law.

Reports say Ryanair will appeal the Commission’s decision to the London Competition Appeals Tribunal on six grounds.

The largest budget airline in the EU has been quarreling with competition regulators since it first acquired a stake in Aer Lingus in 2006.

Full Content: Businessweek

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