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Ryanair must cut Aer Lingus stake

Ryanair's 30% stake in Aer Lingus damages competition on routes between Britain and Ireland and must be cut to 5%, a regulator has ordered.

Ryanair is told to cut its stake in Irish carrier Aer Lingus by the UK Competition Commission.

Budget airline Ryanair is expected to face an ultimatum from the competition watchdog this week to sell all or part of its stake in Aer Lingus.

The Competition Commission claims the low-cost airline has too much influence over the Irish carrier and may have to sell.

Ryanair may have to reduce its stake in Irish carrier Aer Lingus due to competition concerns, the UK Competition Commission has said.

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