February 13, 2013 European Regulators Set to Reject Ryanair Bid For Aer Lingus
Who doesn’t love a Ryanair story. Ryanair famous for charging for everything, landing in airports nowhere near the city name on the ticket, and for their mercurial CEO is in the news again. The European Commission is set to reject Ryanair’s latest hostile takeover bid for Aer Lingus. Ryanair is currently a minority owner of Aer Lingus and they have for sometime wanted to take over the entire operation. It looks like that is not going to happen if the EC has their way. CEO Michael O’Leary, who I suspect runs on Jet-A, has issued orders to appeal the EC’s decision to the courts.
I don’t know about you, but I look forward to the day when I can fly Ryanair Trans-Atlantic for one pound fifty.