Europe blocks Ryanair’s bid

 
Marion Dakers
RYANAIR’S latest attempt to take over Irish rival Aer Lingus has been scuppered by the European Commission.

The budget airline said it will appeal after the Commission indicated during a “state of play” meeting that it will prohibit the €694m (£597m) takeover.

Ryanair had argued that its offer to give 43 short-haul routes and €100m to regional carrier Flybe as part of the takeover would ease competition concerns. Shares in Aer Lingus fell 4.3 per cent.