RYANAIR UPDATE ON AER LINGUS OFFER

Further to Ryanair’s Q3 results announcement issued today (Jan 28), the following is an update in relation to the Aer Lingus offer:

Ryanair’s CEO Michael O’Leary Said:

“Ryanair has submitted a radical and unprecedented remedies package to the EU in support of its offer for Aer Lingus. We believe these remedies address every current Ryanair\Aer Lingus crossover route and all other competition issues raised by the Commission in its Statement of Objections. The remedies involve two upfront buyers each basing aircraft in Ireland to takeover and operate a substantial part of Aer Lingus’ existing route network and short-haul business. This will be the first EU airline merger which will deliver structural divestitures and multiple upfront buyers. We look forward to completing our offer for Aer Lingus subject to receiving approval from the EU competition authorities in early March”.