Ryanair bullish on Aer Lingus

Marion Dakers
RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus.

O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues.

“There are 46 cross over routes and we will remedy all of them by getting airlines to come to Dublin and take them over,” O'Leary added.

A route sale would be a step towards appeasing the European Commission, which last week launched an in-depth antitrust review into the takeover bid.

AN independent team from PwC has been appointed to head the Financial Services Authority’s investigation into the systems meltdown that hit tens of thousands of RBS, NatWest and Ulster Bank customers earlier this year. The regulator wants a thorough investigation to find out exactly how well the bank has done at taking steps to make sure such a failure cannot happen again. It is part of a wider move by the FSA in which the largest nine banks have been told to review the security of their IT networks.