It's up in the air for Ryanair

After the government rejected the Ryanair offer, Willie Walsh of British Airways is now the key player in the drama, writes Cliff Taylor.

23rd December, 2012
Willie Walsh, chief executive of British Airways, and Michael O'Leary, chief executive of Ryanair. Photo: Bloomberg

The spin last week when the government said it would not sell its 25 per cent shareholding in Aer Lingus to Ryanair - even if the EU Commission approved the bid - was that Michael O'Leary's move on the national carrier was "dead in water".

In truth, it is not, though it needs to overcome two significant hurdles. One is that the two airlines that have indicated they would step in to provide competition to a...

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