Thursday July 2, 2020

EU blocks Ryanair's Aer Lingus bid on monopoly concerns

UPDATE: Ryanair’s €694 million bid for Aer Lingus was blocked by EU regulators for a second time because it would increase fares and reduce choice on flights from Ireland.

27th February, 2013
“The acquisition of Aer Lingus by Ryanair would have most likely led to higher fares,” EU Competition Commissioner Joaquin Almunia said.

Ryanair’s €694 million bid for Aer Lingus Group was blocked by European Union regulators for a second time because it would increase fares and reduce choice on flights from Ireland.

Merging the two Irish airlines would have created a monopoly or a near-monopoly on 46 routes from Ireland, the European Commission said in an e-mailed statement today.

“The acquisition of Aer Lingus by Ryanair would have most likely led to higher fares,” EU Competition...

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