EC breaks with precedent, denies Ryanair's Aer Lingus bid

In what clearly can be called an unprecedented decision, the European Commission yesterday moved to prohibit the proposed takeover by Ryanair of smaller rival Aer Lingus. The EC said a merger would harm consumers by creating a monopoly on 22 routes and a dominant position with a market share of more than 60% on a further 13. "Monopolies are bad for consumers because they reduce choice, lower quality and give rise to higher prices. Low-cost carriers like Ryanair are no exception to this ...