Thursday, February 28, 2013

Third Time Not a Charm for Ryanair

Ryanair's third attempt at a takeover of Aer Lingus appears to have ended with much the same result as the first two: no deal. The European Commission announced this week that it was prohibiting the merger because of concerns that the takeover would reduce competition on the 46 routes on which the two carriers currently compete. Ryanair had proposed the rather novel remedy of providing cash, aircraft and routes to British airline Flybe to create competition on the routes worrying the Commission. But the Commission did not project Flybe to be an adequate competitor.

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Why the European Comission does insist to prohibite Ryanair takeover of Aer Lingus? In my opinion, there is nonsense this decision. If the EU Comission allowed the merger between BA and British Midland. If the Comission applied remedies for BA, it can happen for Ryainair too.
Today, I read a news that Aer Lingus leased four Airbus 320 for new company: Little Red from Virgin Atlantic. For me, Aer Lingus is on finnancial troubles.

Posted by: Andre Soutelino | Mar 1, 2013 8:25:03 PM

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