Ryanair loses Aer Lingus case

Ryanair was yesterday dealt a blow by the Competition Appeal Tribunal, which ruled that the budget airline’s stake in Aer Lingus can be probed by UK watchdogs. Ryanair, the biggest shareholder in Aer Lingus, has previously had two hostile bids for the firm blocked under monopoly law. Ryanair said it plans to appeal, after arguing the Office of Fair Trading was out of time to launch a probe. Aer Lingus said it welcomed the ruling and called on the OFT “to recommence its investigation as soon as possible… Ryanair’s shareholding is contrary to the interests of consumers and the majority of our shareholders and must now be addressed once and for all”.