Friday October 30, 2020

The Inquisitor: State's 'no sale' to Ryanair may be an own goal

The government's aversion to Michael O'Leary doesn't leave many options for offloading the Aer Lingus stake, writes Richard Curran.

23rd December, 2012
'If the tenacity, determination or folly of Michael O'Leary were to do various somersaults to make sure the takeover went ahead, then so be it'.

Iam not at all sure that a Ryanair takeover of Aer Lingus would have been good for competition, Ireland Inc or consumers. But if Ryanair came up with a formula that made such a bid acceptable to the European Commission and the Irish Competition Authority, then you would have to accept it. Those are the bodies responsible for ensuring competition. That is part of their job.

If the tenacity, determination or folly of Michael O'Leary...

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