Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

News Summary: EU blocks Ryanair bid for Aer Lingus

(AP) - SHOT DOWN: The European Union's antitrust authority blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling it would undermine competition and drive up ticket prices.

PLAYING MONOPOLY: The EU Commission said the merger of the two airlines would have created a monopoly or dominant position on almost 50 routes where Aer Lingus and Ryanair currently compete.

HIGH HOPES: Ryanair hoped Ireland would sell its stake in Aer Lingus, since the debt-burdened government is seeking to sell billions in state assets as part of its effort to exit a 2010 international bailout.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
CenturyLink Give-A-Thon for PCH Give-A-Thon for PCH

Comments

comments powered by Disqus
Latest News