Brussels, 21/12/2006 (Agence Europe) - On 20 December the Irish low cost airline Ryanair decided to pursue its take-over bid of Aer Lingus no further. On the same day the European Commission announced that it had opened a detailed investigation under the EU Merger Regulation into this merger. Ryanair is, however, not giving up on the possibility of presenting a second offer if it gets the go-ahead from the Commission, whose verdict is expected in May 2007.
The Commission's initial market...