All posts tagged "UK Competition Commission"

  • News
    Aer Lingus Welcomes UK Court of Appeal Rejection of Ryanair Challenge

    Aer Lingus has welcomed the decision by the UK Court of Appeal rejecting the challenge Ryanair brought against the judgment of the Competition Appeal Tribunal.   In March 2014, the CAT dismissed Ryanair’s appeal against the UK Competition Commission’s Report that ruled Ryanair’s shareholding in Aer Lingus to be anti-competitive and required...

  • News
    UK CC Requires Ryanair to Reduce Aer Lingus Shareholding to 5%

    Aer Lingus has welcomed the issue today by the UK Competition Commission of its final report on its investigation into Ryanair’s minority shareholding in Aer Lingus, which concludes that Ryanair’s shareholding in Aer Lingus is anti-competitive and that it must sell down its 29.82% stake to 5%. Ryanair has today confirmed that...

  • News
    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%...

  • News
    Ryanair May Have to Reduce Its Stake in Aer Lingus

    Ryanair faces having to reduce its shareholding in Aer Lingus after the UK Competition Commission provisionally decided that its 29.8% stake could reduce competition on routes between Britain and Ireland. In a summary of its provisional findings, the CC concluded that the shareholding gives Ryanair the ability to influence the commercial policy...

  • News
    Aer Lingus Responds to Ryanair’s Statement Regarding EU Prohibition

    Aer Lingus has noted Ryanair’s announcement earlier today that it has been notified by the European Commission that the EC intends to prohibit Ryanair’s offer for Aer Lingus. In a statement, the airline said: “Aer Lingus has not received any notification from the EC of an intention to prohibit the offer. Nonetheless, based...

  • News
    UK Can Investigate Ryanair’s Stake in Aer Lingus

    The UK Competition Commission has been given the go ahead to investigate Ryanair’s shareholding in Aer Lingus. 

It has won the right to evaluate whether Ryanair’s 29.8% stake gives it undue influence over its rival. Ryanair had tried to fight against an investigation, arguing that it would undermine a separate probe by...

  • News
    Aer Lingus Rejects Ryanair Offer

    As expected, the Board of Aer Lingus has rejected Ryanair’s Offer to acquire control of Aer Lingus for €1.30 per share, saying that it “fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business”. The Board “unanimously recommends shareholders should take no action in relation to...

  • News
    BAA to Sell Edinburgh Airport

    Following the UK Competition Commission’s decision requiring the British Airports Authority to sell either Edinburgh or Glasgow airport, BAA has announced that it has decided to sell Edinburgh Airport. BAA is now commencing preparations for a sale and expects to formally approach the market in the New Year with a view to...