Ryanair are having a cry about being forced into Aer Lingus sale
Of course, chief exec Michael O’Leary isn't happy and opened and closed his mouth, letting all the words fall out in no particular order, spitting that the Competition Commission’s provisional decision was “bizarre and manifestly wrong” and “yet another enormous waste of UK taxpayer resources on a case which has little if any impact on UK consumers”.
The CC reckon Ryanair’s 30% share of the rival airline could hit competition on routes between the UK and Ireland, saying: “the shareholding gives Ryanair the ability to influence the commercial policy and strategy of Aer Lingus, its main competitor on these routes."
"It allows it to block special resolutions by Aer Lingus and to hinder its plans to issue shares and raise capital; it could also prevent its rival from disposing of its valuable slots at Heathrow airport."
O’Leary continued ranting: "In February the European Commission found that competition between Ryanair and Aer Lingus has ‘intensified’ since 2007. [So this] decision by the CC will clearly breach the EU Treaty duty of sincere cooperation between the EU and the UK. Ryanair therefore calls on the Competition Commission to abide by this overriding legal principle and end this bogus and baseless enquiry into a six-and-a-half-year-old minority shareholding between two Irish airlines."
"Aer Lingus accounts for less than 1% of the UK’s total air traffic… [This case] is yet another enormous waste of UK taxpayer resources on a case which has little if any impact on UK consumers."
Ryanair will be taking the case to the UK Competition Appeals Tribunal if the CC confirms its decision in July, and “thereafter, if necessary, to the Court of Appeal”.
Ryanair there, who have whined about tax, unions, hit customers with sly charges and lambasted "environmental whingers", hoping for sympathy from everyone.