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Ryanair Offers to Sell Aer Lingus Stake to Another EU Airline

Ryanair Offers to Sell Aer Lingus Stake to Another EU Airline

Ryanair today confirmed that, as part of its ongoing remedies discussions with the UK Competition Commission, it has now offered the following undertaking to the CC: “Ryanair will undertake to unconditionally sell its 29% shareholding to any other EU airline that makes an offer for Aer Lingus and obtains acceptances from 50.1% of Aer Lingus shareholders.” 

This undertaking came along with the usual Ryanair rants, including: “The above remedy is without prejudice to Ryanair’s vehement objection to the CC’s manifestly false conclusion that Ryanair has influence over Aer Lingus’ commercial strategy and/or that Ryanair’s 6½ year old minority shareholding in Aer Lingus has resulted in a lessening of competition.”

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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.

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