Ryanair’s stake in rival ‘worthless’

Ryanair chief executive Micheal O’Leary said that the company’s stake in rival airline Aer Lingus might be worthless and that his airline has received less justice than the Birmingham Six.

Mr O’Leary’s outbursts followed an order by the UK’s Competition Commission to rid itself of more than €200m of Aer Lingus shares.

The commission found that Ryanair’s 29.8% in Aer Lingus affected the former national airline’s policy and strategy, and ordered it to sell all but 5% of the stake.