Ryanair Reaction To Uk Supreme Court Decision
Ryanair, Europe’s only ultra-low cost airline, notes today’s (1 June) UK Supreme Court decision, and looks forward to the Competition Commission’s review of Ryanair’s six year old minority stake in Aer Lingus. Ryanair is confident that the Competition Commission will find as the EU Commission did (in 2007), that as Ryanair has neither de facto or de jure control in Aer Lingus it could not be forced to sell down its minority 29% stake.
Ryanair’s Stephen McNamara said
“Since Aer Lingus has spent six years ignoring Ryanair’s shareholding, this UK OFT investigation is yet another bureaucratic waste of UK taxpayers’ funds and resources.”