Ryanair will re-bid for Aer Lingus despite EC decision

Budget airline Ryanair has announced plans to re-bid for Irish rival Aer Lingus following the lapse of its current takeover bid, which abruptly came to an end when the European Commission (EC) referred it to Phase II.

Budget airline Ryanair has announced plans to re-bid for Irish rival Aer Lingus following the lapse of its current takeover bid, which abruptly came to an end when the European Commission (EC) referred it to Phase II.

The referral meant that in accordance with the takeover rules, the hostile bid ended with immediate effect.

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