The European Union has blocked a bid by Europe’s largest low-cost carrier Ryanair to buy rival Dublin (Ireland) based low-cost airline Aer Lingus, on the grounds that it will hurt competition in the air travel market. The EU said that a successful bid will create a monopoly on 50 routes where Aer Lingus and Ryanair currently compete.
Dublin-based Ryanair is the largest shareholder in Aer Lingus and first attempted a bid for the rival airline in 2006.
We’re sure, based on the history of this take-over attempt, we haven’t heard the last from Ryanair.
Read more on Ryayair’s latest attempt to purchase Aer Lingus in USA Today here:
EU blocks Ryanair bid to buy Ireland’s Aer Lingus