Ryanair must cut Aer Lingus stake

Updated
Ryanair and Aer Lingus
Ryanair and Aer Lingus

Ryanair's 30% stake in Aer Lingus damages competition on routes between Britain and Ireland and must be cut to 5%, a regulator has ordered.

The Competition Commission said the shareholding, which Ryanair has held for seven years, weakens its main competitor and could prevent Aer Lingus from combining with another airline in order to build scale.
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