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Your email address will not be published.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

More in News

Coco Collection and Qatar Airways Promote in Dublin

Michael FloodSeptember 16, 2019

Mary McKenna: Fundraising Cyclist and Soccer Sponsor

Neil SteedmanSeptember 16, 2019

Emirates Skywards Celebrates Reaching 25 Million Members

Michael FloodSeptember 16, 2019

Norwegian Air International Drops More Flights from Ireland

Michael FloodSeptember 15, 2019

No Change for UK Passport Holders at Dublin Airport Immigration If UK Leaves EU Without a Deal

Neil SteedmanSeptember 13, 2019

Etihad Refreshes Website with Faster Loading Pages

Neil SteedmanSeptember 13, 2019

Win Two Tickets to Lisbon with TAP Air Portugal

Michael FloodSeptember 12, 2019

ITTN’s Great Value Travel Deals – 12th September 2019

Neil SteedmanSeptember 12, 2019

Cathay Pacific to Suspend Flights from Dublin from November

Michael FloodSeptember 12, 2019

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