Ryanair: Government has no power to block bid for Aer Lingus

Ryanair has said that the government has no power to block its bid for a majority stake in Aer Lingus.

The government today rejected the airline's offer to buy its 25% stake in the national carrier.

In a statement, Ryanair - which currently owns 30% of Aer Lingus - said it can still proceed with its bid for the airline.

However, Ryanair's offer is subject to the outcome of an EU competition review, which is ongoing.

Transport Minister Leo Varadkar said that the coalition believes selling the Aer Lingus stake to the low fares airline would be a bad deal for Ireland:


More in this Section

Courts Service gets orders for information to identify people who posted about elderly woman onlineCourts Service gets orders for information to identify people who posted about elderly woman online

Teen only learned of sexual assault on her from Facebook videoTeen only learned of sexual assault on her from Facebook video

New NI Secretary of State meets Simon Coveney in BelfastNew NI Secretary of State meets Simon Coveney in Belfast

Cavan syndicate of 295 members claim over €250k EuroMillions prizeCavan syndicate of 295 members claim over €250k EuroMillions prize


Lifestyle

The annual Members Exhibition now underway at the Lavit Gallery in Cork features 92 works from 72 artists.The exhibition runs until March 7.Under the hammer: Your guide to upcoming auctions

There’s an oriental theme at the James Adam ‘At Home’ auction in Dublin, says Des O’SullivanAuctions: Sale full of eastern promise

Sales of artisan sourdough bread are on the rise. It's all very well if you're happy to pay for a chewy substantial loaf but does it have any real health benefits? Áilín Quinlan talks to the expertsFlour power: The rise and rise of sourdough bread

Rachel Gotto has suffered more than most, from the death of her brother and husband to her cancer diagnosis and dependency on prescription drugs, writes Lorna SigginsHow Rachel Gotto is finding joy in the small things

More From The Irish Examiner