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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