Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ryanair Fails to Block U.K. Antitrust Probe of Aer Lingus Stake

April 26 (Bloomberg) -- Ryanair Holdings Plc failed to block a U.K. Competition Commission investigation into its 30 percent stake in Aer Lingus Group Plc after Britain’s highest court refused to hear an appeal.

The U.K. Supreme Court in London refused to review a lower court’s decision to allow the investigation to go ahead because it would not “raise an arguable point of law of general public importance,” the court said in an e-mailed statement today.

Ryanair has been fighting with regulators since acquiring the Aer Lingus shares in 2006 as part of an earlier takeover bid that the European Union ultimately blocked on competition grounds. The European Commission blocked a bid for a second time this year after regulators decided it would increase fares and reduce choice on flights from Ireland.

“The European legal principle is clear, and its application fact-specific,” the supreme court said.

Ryanair lost a bid to block the U.K. competition review of its Aer Lingus stake in the court of appeal in December.

Ryanair spokesman Robin Kiely said the company doesn’t comment on pending litigation.

To contact the reporters on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.