login
login

Europe Daily Bulletin No. 10909

29 August 2013
BUSINESS / (ae) competition
Ryanair ordered to reduce stake in Aer Lingus

Brussels, 28/08/2013 (Agence Europe) - On Wednesday 28 August, the British Competition Commission ordered Irish airline low cost airline Ryanair to reduce its stake from 29.8% to 5% in its fellow Irish competitor Aer Lingus, judging that the company's current position has led, or could lead, to a substantial decrease in competition between the companies on routes between Great Britain and Ireland. Ryanair has already announced that it will appeal this decision in the coming weeks, which...