Thursday, June 7, 2007

Ryanair purchase of Aer Lingus update


European Union regulators today said that they believed the proposed takeover of EI by FR(Ryanair).

"Is likely to significantly impede effective competition"

The full article is on http://www.bloomberg.com/apps/news?pid=20601085&sid=aVHWuFF55yoQ&refer=europe

This is not a final decision by the EU competition regulator, who will decide whether the takeover should be allowed or not, that will come early in the summer, but it a very positive step, for those who like quality, competetion and Aer Lingus.

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