European Court rejects Aer Lingus appeal over Ryanair shareholding
Published March 19th, 2008
The European Court on Wednesday refused to block Irish low-cost airline Ryanair from using its voting rights in rival Aer Lingus, in the latest twist to a vicious takeover battle. “Aer Lingus has failed to fulfil the conditions required for interim relief,” which would block Ryanair’s use of its voting rights, because it has not proved that the use of such rights would cause Aer Lingus irreparable damage, the President of the European Court of First Instance Marc Jaeger ruled.
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