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Ryanair ordered to sell Aer Lingus shares

Ryanair has been ordered to sell the majority of its shares in Aer Lingus. BritainÂ’s competition wa...
TodayFM
TodayFM

7:17 AM - 28 Aug 2013



Ryanair ordered to sell Aer Li...

News

Ryanair ordered to sell Aer Lingus shares

TodayFM
TodayFM

7:17 AM - 28 Aug 2013



Ryanair has been ordered to sell the majority of its shares in Aer Lingus.

BritainÂ’s competition watchdog has expressed concern about the low cost airline's 29 per cent stake in Aer Lingus - and wants Ryanair to sell enough shares so that it owns just five per cent of the former national flag carrier.

A report from the Competition Commission found that the shareholding could lead to a substantial reduction in competition on flights between Ireland and the UK, as well as higher ticket prices.

Ryanair says that it will appeal the finding - but aviation expert John Strickland says the airline faces an uphill challenge in any appeal:



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