RYANAIR RESPONDS TO MINISTER VARADKAR’S STATEMENT

Ryanair today (18 Dec) said it had no comment to make on the Minister Varadkar’s statement. Since the Government owns just 25% of Aer Lingus it has no power to block Ryanair’s offer, which can still be successfully completed if we acquire a shareholding of 50% or more (Ryanair currently owns 30%).

The progress of Ryanair’s offer is subject to the outcome of the current EU competition review and Ryanair is continuing to progress that approval process, having submitted an unprecedented remedies package which will increase competition, choice, traffic and jobs to and from the island of Ireland.