Ryanair demands meeting
Friday 25 November 2011
The Irish airline Ryanair said it would pursue Aer Lingus directors for a breach of company law if the former state carrier refuses again to hold an extraordinary general meeting.
Ryanair, Aer Lingus's largest shareholder with a near 30 per cent stake, said it had the right to request a meeting at which it wanted to discuss Aer Lingus's €400m (£344m) pension deficit and a tax settlement.
Aer Lingus, which said last week that the requisition to hold a meeting was not properly made and that Ryanair was using its shareholding simply to harass a competitor, once again rejected the call.
Ryanair, which has been a thorn in its fellow carrier's side for years with constant criticism of its management and performance, said the decision was not up to Aer Lingus.
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