Friday September 25, 2020

EU veto could scupper Ryanair takeover bid

Aer Lingus and the government have been told by advisers that the best prospect of Ryanair’s proposed €1.48 billion takeover failing rests with a narrow interpretation by the EU Commission of competition on the Dublin to London market and the dominan

7th October, 2006

Advisers believe that EU Competition Commissioner, Neelie Croes, and her department will examine the all-important Dublin to London market on the basis of what is called ‘city pairs’. They point to the Air France takeover of Dutch airline KLM in 2004 which was scrutinised by way of the ‘city pairs’ on the Paris Amsterdam market.

The EU imposed a number of conditions on Air France, forcing it to give up landing slots...

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