EU Blocks Ryanair Bid for Aer Lingus, Saying it Would Reduce Consumer Choice
O'Leary warned Wednesday that Aer Lingus shares would plummet to ?1.50 (US$2.02) if Ryanair opted to dump its holding. Ryanair was ?0.04 (US$0.05) lower Wednesday at ?4.96 (US$6.67).
Growing rapidly from its Irish base into Europe's largest low-cost carrier, Ryanair has spearheaded the drive toward no-frills cheap flights that forced Aer Lingus - a former state-owned airline - to do the same.
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Associated Press Writer Shawn Pogatchnik in Dublin contributed to this report.
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