Ryanair's Aer Lingus bid 'will be blocked'
The European Commission is set to block Ryanair's proposed takeover of Aer Lingus, according to the Irish budget airline, in what would be its third failed attempt to take control of its smaller rival.
Michael O'Leary's Ryanair said it was told during a meeting with the commission that the competition watchdog "intends to prohibit" the €694m (£598m) bid for the Irish flag carrier.
If so, it would be the second time Brussels has vetoed a takeover of Air Lingus by Ryanair, having blocked a move in 2007. In 2009 Ryanair dropped another attempt after running up against opposition from the Irish government, which owns 25 per cent of Aer Lingus.
Leo Varadkar, the Irish transport minister, has also said he does not support the latest bid, which was launched last year.
Robin Kiely, a Ryanair spokesman, said after the meeting that it "appears clear … that no matter what remedies Ryanair offered, we were not going to get a fair hearing and were going to be prohibited regardless of competition rules".
A final decision is not expected until the end of this month.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...