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Ryanair’s Latest Aer Lingus Takeover Formally Rejected By EU Regulator
The European Commission (EC) yesterday prohibited the proposed acquisition of the Irish flag carrier Aer Lingus by Ryanair because “the most likely outcome of this transaction would have been quite simple: when flying to and from Ireland, passengers wouldn’t have been able to choose between as many options as they can today, and they would have ended up paying higher fares,” says Commission VP-Competition Policy Joaquin Almunia.