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Ryanair admits defeat in Aer Lingus takeover bid

Ryan air has admitted defeat in its takeover bid for Air-Lengus but vowed to fight the decision in the courts.

The European Commission told the airline that the 694 million euro (£596.7 million) buyout plan would be rejected.

The low-cost carrier claimed European chiefs were holding it to much higher standards than any other EU airline.

Ryanair spokesman Robin Kiely said: “It appears clear from this morning’s meeting that no matter what remedies Ryanair offered, we were not going to get a fair hearing and were going to be prohibited regardless of competition rules

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