Ryanair submit 'radical' remedies package to EU over Aer Lingus bid
on 28/01/2013 07:11:35
The €694m takeover bid is being examined on competition grounds.
The European Commission blocked a previous bid in 2007, saying it would create a monopoly on Irish flights.
In a statement this morning, Ryanair has said 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.
The airline has announced third quarter profits of €18m - up three million on last year - and it says the figures were boosted by stronger than expected pre-Christmas bookings.