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Aer Lingus lodges appeal to remove Ryanair as shareholder

Ireland’s Aer Lingus will today lodge its planned legal appeal aimed at forcing budget operator Ryanair to sell its share in the flag-carrier.

Aer Lingus is to put its appeal to the Court of First Instance in Luxembourg.

It follows the European Commission’s admission last month that it did not have the legal power to force the sale of Ryanair’s stake of around 30% in Aer Lingus.

Aer Lingus claims, however, that the Commission does have such authority because Ryanair’s shareholding was acquired as part of a prohibited takeover attempt.

As part of its appeal Aer Lingus is also seeking an order preventing Ryanair from “in

This entry was posted on Monday, November 19th, 2007 at 2:35 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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