Ryanair offers Flybe €100m to take Aer Lingus routes

Ryanair proposed paying Flybe Group €100 million to take over almost half of Aer Lingus Group’s short-haul business as it seeks to win European Union approval to buy its rival.

4th February, 2013
Ryanair would forego about €20 million of Aer Lingus’ pre-tax profits.

Ryanair proposed paying Flybe Group €100 million to take over almost half of Aer Lingus Group’s short-haul business as it seeks to win European Union approval to buy its rival, according to two people familiar with the matter.

Flybe would take over 43 Aer Lingus routes, more than 10 aircraft and associated crew under a binding agreement filed with the European Commission, according to the people. Ryanair would forego about €20 million of...

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