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27/02/2013
EU Block Ryanair In Third Attempt To Buy Aer Lingus
Ryanair’s third attempt to buy Aer Lingues has again been blocked by European Union antitrust regulators.
Following the Eu executive vetoing the airlines first attempt in 2009, the regulator have again said the bid could hurt competition and lead to higher prices for passengers.
Ryanair had already flagged the European Commission's rejection of the €694m bid for Aer Lingus earlier this month.
The EU Commission said that the merger would harm consumers by creating a dominant company on 46 routes where the carriers are currently competing.
Ryanair has said it will appeal the ruling, saying it was a "political decision" bowing to the interests of the government, which holds a 25% stake in Aer Lingus.
(H/GK)
Following the Eu executive vetoing the airlines first attempt in 2009, the regulator have again said the bid could hurt competition and lead to higher prices for passengers.
Ryanair had already flagged the European Commission's rejection of the €694m bid for Aer Lingus earlier this month.
The EU Commission said that the merger would harm consumers by creating a dominant company on 46 routes where the carriers are currently competing.
Ryanair has said it will appeal the ruling, saying it was a "political decision" bowing to the interests of the government, which holds a 25% stake in Aer Lingus.
(H/GK)
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