Wednesday, June 27, 2007

EU Commission Blocks Aer Lingus-Ryanair Merger


An EU commission appointed to deal with commerical competition issues blocked a proposed €1.5B merger between Ryanair and Aer Lingus. According to the commission's decision, Ryanair may propose a new merger plan if the new plan offers more slots to rival airlines at Dublin Airport. Ryanair will appeal the ruling, which is the first of its kind in the airline industry.

No comments: