News

Aer Lingus Welcomes UK Judgement re Ryanair

Aer Lingus Welcomes UK Judgement re Ryanair

Aer Lingus has welcomed today’s announcement by the UK Competition Appeal Tribunal that the Office of Fair Trading is “in time” to investigate Ryanair’s minority shareholding in Aer Lingus under the UK’s merger control legislation.

Aer Lingus’s Chief Executive, Christoph Mueller, said: “It is now clear that the OFT has the jurisdiction to investigate the anti-competitive effects of Ryanair’s minority shareholding in Aer Lingus and we call on the OFT to recommence its investigation as soon as possible.

“The European Commission blocked the Ryanair takeover of Aer Lingus more than four years ago, therefore it is incomprehensible that they have been allowed to remain on our share register. Ryanair’s shareholding is contrary to the interests of consumers and the majority of our shareholders and must now be addressed once and for all.”

Ryanair has said that it would immediately appeal this morning’s ruling.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

ITTN Speaks to Canary Islands’ Tourism Minister

Fionn DavenportMarch 5, 2021

Marriott Offers Cash Incentive to Vaccinated Staff

Fionn DavenportMarch 5, 2021

ITTN Photographer of the Year 2021: We Want Your Photos!

Fionn DavenportMarch 5, 2021

Seychelles Opens to the World

Michael FloodMarch 5, 2021

Cyprus to Welcome Vaccinated Visitors From May 1

Fionn DavenportMarch 5, 2021

Data breach Strikes at Star Alliance Airlines

Fionn DavenportMarch 5, 2021

Maldives 2021: What’s New

Fionn DavenportMarch 5, 2021

Ryanair Returns to Belfast City Airport After 11 Years With 8 Summer Routes

Sharon JordanMarch 5, 2021
Taj Mahal

Have You ‘Wondered’ What is the Cost of Living Near the Seven Wonders of the World?

Michael FloodMarch 5, 2021

Copyright © 2021 ittn