RYANAIR REACTION TO UK SUPREME COURT DECISION

RNS Number : 6389E

Ryanair Holdings PLC

01 June 2012

 



RYANAIR REACTION TO UK SUPREME COURT DECISION

Ryanair, Europe's only ultra-low cost airline, notes today's (1 June) UK Supreme Court decision, and looks forward to the Competition Commission's review of Ryanair's six year old minority stake in Aer Lingus.  Ryanair is confident that the Competition Commission will find as the EU Commission did (in 2007), that as Ryanair has neither de facto or de jurecontrol in Aer Lingus it could not be forced to sell down its minority 29% stake.

Ryanair's Stephen McNamara said

"Since Aer Lingus has spent six years ignoring Ryanair's shareholding, this UK OFT investigation is yet another bureaucratic waste of UK taxpayers' funds and resources."

Stephen McNamara                            Joe Carmody

Ryanair Ltd                                          Edelman

Tel: [phone]                         Tel. [phone]

 

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