Ryanair pulls bid for Aer Lingus and EU probe

Article Abstract:

Ryanair Holdings PLC of Ireland announced it has withdrawn its offer to acquire Aer Lingus Group PLC also of Ireland. The bid offer was 1.4 billion Euros ($1.85 billion) and would have combined the two major airlines of Ireland. The European Union expressed concern that the deal would be in violation of antitrust law.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Regulation and Administration of Transportation Programs, Antitrust Law, Airline Mergers & Antitrust, Interpretation and construction, European Union, Antitrust issue, Ryanair Holdings PLC, Financial report

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Weak flag carriers: Grounded

Article Abstract:

The European Union's economic policy of deregulation of state owned businesses has been frustrated with national airlines. European Union airlines have not played a part in industry consolidation, largely because of chronic financial losses and the identification of the airline with national sovreignity.

Financial management, Hungary, Industry Overview, Europe, Finance, European Union. European Commission, Deregulation, Company financing

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Ryanair steps up industry shakeout

Article Abstract:

Ryanair Ltd. of Ireland has an acquisition offer for Aer Lingus also of Ireland valued at 1.48 billion Euros ($1.88 billion). Acquisitions in the industry are being driven by budget airlines.

Ryanair Ltd.

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