Friday, March 07 17:10:54
Britain's competition watchdog has dismissed a Ryanair appeal against a previous ruling that it has to sell most of its stake in Irish rival Aer Lingus, it said today.
The Competition Commission upheld the previous decision that Ryanair's 30 percent stake in Aer Lingus could substantially reduce competition on some routes.
"Ryanair's appeal dismissed," a commission spokesman said in a statement.
The British watchdog has jurisdiction over the Irish airlines due to 11 routes between Ireland and Britain where Ryanair flights compete with those of Aer Lingus or partner Aer Arann.
In a statement this afternoon, Ryanair said: "Ryanair notes today's ruling by the CAT and has instructed its lawyers to appeal this ruling to the UK Court of Appeal."