Takeover bid faced with impossible headwinds

Ryanair’s failed third bid to take over Aer Lingus begs the question whether the move would be allowed under any circumstances.

The European Commission gave detailed reasons on why it has come out against this latest attempt by Ryanair to subsume Aer Lingus.

Ryanair and chief executive Michael O’Leary’s can-do attitude and their producing of an answer to every problem raised by the commission did not convince the competition experts in the end.