Ryanair’s 30 per cent stake in Aer Lingus damages competition on routes between Britain and Ireland and must be cut to 5 per cent, a regulator has ordered.
The Competition Commission said the shareholding, which Ryanair has held for seven years, weakens its main competitor and could prevent Aer Lingus from combining with another airline in order to build scale.
Ryanair boss Michael O’Leary said the company will appeal against the ruling and called the report ‘bizarre and manifestly wrong’.
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