Tuesday October 20, 2020

O’Leary’s Aer Lingus shares come under the spotlight again

The British Office of Fair Trading may take a special interest in Ryanair’s minority shareholding in the former state airline

30th October, 2010

Ryanair chief executive Michael O’Leary could have done without Britain’s Office of Fair Trading (OFT) choosing last Friday to rake over the coals of his aborted takeover of Aer Lingus.

For reasons largely related to EU law, the competition watchdog was unable before now to examine formally the implications for British consumers of O’Leary’s pet project.

For O’Leary, however, it provided an unwelcome distraction for his shareholders...

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