The Competition Authority has cleared the proposed transaction whereby Stobart Group Ltd would acquire sole control of Aer Arann. The transaction was notified by the parties under the Competition Act 2002 on 21st November 2012.
The Authority’s investigation and analysis indicates that there is little or no overlap in the activities of Stobart and Aer Arann. Stobart is principally active in road haulage whereas Aer Arann is active in air transport services. No third party raised any competition concerns about the deal. The Authority therefore concludes that the deal will not adversely affect consumers in any markets for goods or services in the State.
Michael Flood is the Editor of Ireland's leading travel industry publication, Irish Travel Trade News. With more than 35 years experience, he has accumulated an in-depth knowledge of the airline industry and the travel and tourism world.