Ryanair ordered to cut Aer Lingus stake

Ryanair’s 30% stake in Aer Lingus damages competition on routes between Britain and Ireland and must be cut to 5%, a UK regulator has ordered.

Britain's Competition Commission said the shareholding, which Ryanair has held for seven years, weakens its main competitor and could prevent Aer Lingus from combining with another airline in order to build scale.