Wednesday, February 27, 2013 11:25 am
News Summary: EU blocks Ryanair bid for Aer Lingus
By The Associated Press
PLAYING MONOPOLY: The EU Commission said the merger of the two airlines would have created a monopoly or dominant position on almost 50 routes where Aer Lingus and Ryanair currently compete.
HIGH HOPES: Ryanair hoped Ireland would sell its stake in Aer Lingus, since the debt-burdened government is seeking to sell billions in state assets as part of its effort to exit a 2010 international bailout.