News

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.”

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Your email address will not be published.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 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

Travel Partners Group 1

Eight Workshops in 2017 by Travel Partners Group

Neil SteedmanDecember 11, 2017
Lainey Quinn Featured Image

Lainey’s Adventures: Australia’s East Coast

Neil SteedmanDecember 11, 2017
Cork Airport eNews September 2017 Story 6

Cork Airport Passenger Numbers Up 4% in November

Neil SteedmanDecember 11, 2017
Air Canada New Livery

Air Canada to Launch New Routes for Summer 2018

Neil SteedmanDecember 11, 2017
Irish Ferries Christmas 2017

Irish Ferries Unwraps Christmas Gift Idea

Neil SteedmanDecember 9, 2017
Gulliver’s Gate 1

Gulliver’s Gate Models the World in Times Square

Neil SteedmanDecember 8, 2017
Turkish Airlines B777-300ER Business Class

Flight Check: Turkish Airlines Business Class

Neil SteedmanDecember 7, 2017
Finnair eNews Story 5

Finnair Adds a New Nordic Touch to its Cabins

Neil SteedmanDecember 7, 2017
Celebrity Equinox

Celebrity Cruises Opens Bookings for Caribbean in 2019

Neil SteedmanDecember 7, 2017

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland