UK Competition Authority Stands Firm On Ryanair Ruling

Britain's Competition and Markets Authority (CMA) will not change an order for Ryanair to sell down its 30 percent stake in rival Aer Lingus because of IAG's proposed bid for Aer Lingus. Ryanair had asked the CMA to reconsider its 2013 decision, saying IAG's securing of support from Aer Lingus's board for the EUR€1.36 billion bid disproved the regulator's argument that its shareholding might be an obstacle to Aer Lingus being acquired by another airline. (news.airwise.com) Mehr...