News

Ryanair Offers Aer Lingus Cuts for EU Approval

Ryanair Offers Aer Lingus Cuts for EU Approval

Ryanair has offered to surrender half of the Aer Lingus short-haul business as it seeks European Union approval to buy its Irish rival, according to a report by Bloomberg.

Ryanair submitted its latest concessions to the European Commission last week and they were sent to competitors and customers for comments on 21st January, said two people who asked not to be identified because the talks are private. Some 43 routes would go to Flybe, with British Airways taking three routes using London Heathrow.

Ryanair

Michael O’Leary said that the company was “trying to tweak” earlier proposals to address regulators’ competition concerns over Ryanair’s €694 million bid for Aer Lingus. He expects a positive decision from the EU by the end of next month, he said in an interview in Rome.

Ryanair has said it could exit all 46 Dublin routes that overlap with Aer Lingus and that several rival carriers are interested in competing at Irish airports. IAG in December signed a non-binding agreement to buy landing slots at Heathrow airport from Ryanair if it completes the planned takeover.

The European Commission has a 27th February deadline to rule on the deal.

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Your email address will not be published.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, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Images of Belguim can win a trip for two

Michael FloodJuly 4, 2020

Savings, sunshine and flexibility on La Manga Club’s summer menu

Michael FloodJuly 4, 2020

Preferred Hotels & Resorts are paying 3% Bonus Commission

Michael FloodJuly 4, 2020

Croatia is open for Irish visitors

Michael FloodJuly 3, 2020

Emirates clears nearly 650,000 refund requests

Michael FloodJuly 3, 2020

Spain is ready to welcome Irish visitors

Michael FloodJuly 2, 2020

Malta Launches Online Reopening Course

Michael FloodJuly 2, 2020

Elounda Beach Hotel & Villas introduces Elounda Safe Stay Programme

Michael FloodJuly 2, 2020

Isle of Man Steam Packet Company reflects on 190 year history

Michael FloodJuly 2, 2020

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland