As the European Commission reported its intention to review the economic importance of minority shareholdings in early November this year, the case of Ryanair and Aer Lingus continued its rollercoaster ride of competition authority and court decisions relating to Ryanair's 29.8% minority interest in rival Irish airline, Aer Lingus. The latest decision came from the Court of Appeal in England, which called for a stay of the Office of Fair Trading's (the «OFT's«) investigation into the possibility that Ryanair's interest has led to a substantial lessening of competition in accordance with the Enterprise Act 2002 (the «Enterprise Act«) . Failed merger The Ryanair case commenced back in 2006, when the airline began building a stake in its rival with the intention of launching a public bid
The UK Court of Appeal stays the Competition’s Authority investigation of minority interest between two airlines companies, while the EU Commission reviews the economic importance of minority shareholdings (Ryanair / Aer Lingus)
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