20 June 2012
Ryanair grab for Aer Lingus must be rejected
The British Competition Commission is investigating Ryanair’s 29.8% stake in Aer Lingus due to competition concerns
RYANAIR boss Michael O’Leary’s bid to buy the 70% of Aer Lingus that he does not already own must be resisted and rejected by the Fine Gael/Labour Government, Sinn Féin TD Mary Lou McDonald says.
The Dublin deputy says that if Michael O’Leary is successful, Aer Lingus will likely be run as an anti-competitive private monopoly.
The British Competition Commission announced this week its intention to investigate Ryanair’s 29.8% stake in Aer Lingus due to competition concerns.
The Sinn Féin Public Expenditure and Reform spokesperson said:
“The irony, of course, is that Fianna Fáil sold off the original stake in the airline based on an argument that state ownership was anti-competitive. If Ryanair’s bid is successful, Aer Lingus will be run on the basis of an anti-competitive private monopoly.”
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