Other people's business

RSS

Business quote of the day

Michael O’Leary on Ryanair/Aer Lingus controversy: "Bizarre and manifestly wrong".

Aer Lingus. Photograph: Getty Images

Michael O’Leary gives a typically mannered response to the UK Competition Commission ordering Ryanair to sell 25 per cent of its stake in rival Irish airline Aer Lingus.
 
The Commission ruled Ryanair’s 29.8 per cent holding in its rival damages competition on routes between Britain and Ireland, and must be cut to 5 per cent. Ryanair has said it will appeal the decision.

O’Leary said, "This prejudicial approach to an Irish airline is very disturbing, coming from an English government body that regards itself a model competition authority.”

Read more here.