Ryanair's Michael O'Leary is predictably calm about not getting his way with Aer Lingus takeover
The Competition Commission today said Ryanair must slash their stake in Aer Lingus from 29.8% to just 5% because it meant less competition on flights between Britain and Ireland, which saw the budget airline saying that it will appeal against "this bizarre and manifestly unsound ruling".
O’Leary kicked his mouth in gear and went after the inquiry’s chairman Simon Polito and member Roger Davis: "Polito's and Davis' ignoring of evidence, their conduct of a manifestly unfair investigation, their omission of all the substantial body of evidence that conclusively disproves their case, and their rejection of Ryanair's unprecedented undertakings (which patently address their three invented future concerns), all in a misguided pursuit of their predetermined conclusion, demonstrate that this process was not a competition investigation but merely a corrupt and politically biased charade."
He wasn't done, adding that the inquiry was "yet another enormous waste of UK taxpayer resources from a body which took no action whatsoever when the two main UK airlines (BA and bmi) merged. It would appear to be a case of one rule for the UK airlines but an invented set of rules for two Irish airlines".
The presumably beleaguered Aer Lingus chairman, Colm Barrington, said: "The Commission should be commended on its thorough investigation and we look forward to the implementation of its findings."