In the news:
Originally published Wednesday, February 27, 2013 at 8:24 AM
News Summary: EU blocks Ryanair bid for Aer Lingus
SHOT DOWN: The European Union's antitrust authority blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling it would undermine competition and drive up ticket prices.
The Associated Press
SHOT DOWN: The European Union's antitrust authority blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling it would undermine competition and drive up ticket prices.
PLAYING MONOPOLY: The EU Commission said the merger of the two airlines would have created a monopoly or dominant position on almost 50 routes where Aer Lingus and Ryanair currently compete.
HIGH HOPES: Ryanair hoped Ireland would sell its stake in Aer Lingus, since the debt-burdened government is seeking to sell billions in state assets as part of its effort to exit a 2010 international bailout.










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