UK orders Ryanair to cut Aer Lingus stake

Reuters Business
August 28, 2013 AT 8:20 AM
Britain's competition watchdog has ordered budget carrier Ryanair to cut its stake in smaller Irish rival Aer Lingus from 30% to 5%, saying the current arrangement could reduce competition. Ryanair is appealing the decision, but as Ciara Sutton reports it appears to all but end the airline's seven-year pursuit of Ireland's former flag carrier.