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Ryanair, Aer Lingus' biggest shareholder with a 30 percent stake, first tried to take over the Irish carrier in 2006 but was blocked by the EU Commission. The company has since resubmitted its bid, insisting Europe's airline landscape was changing rapidly with regional airlines failing and larger ones merging to remain profitable. The company also claimed that the takeover would drive down average ticket prices. "We regret that this prohibition is manifestly motivated by narrow political interests rather than competition concerns and we believe that we have strong grounds for appealing and overturning this politically-inspired prohibition," Kiely said. Aer Lingus has struggled in recent years to slash costs sufficiently to compete with Ryanair, which is Europe's fastest-growing airline. It has suffered regular battles with labor unions, whereas Ryanair doesn't recognize them.
[Associated
Press;
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