You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

12

3

▼  7th Inning 1 outs

EU blocks Ryanair bid to buy Ireland’s Aer Lingus

BRUSSELS — The European Union’s antitrust authority on Wednesday blocked Ryan­air’s renewed bid to take over rival Irish carrier Aer Lingus, ruling that it would undermine competition and drive up ticket prices.

The merger of the two Dublin-based airlines would have harmed consumers by creating a monopoly or a dominant position on almost 50 routes where Aer Lingus and Ryanair currently compete, said the EU Commission, the bloc’s executive arm.

Continue reading below

‘‘This would have reduced choice and, most likely, would have led to price increases for consumers traveling on these routes,’’ it said, rejecting the remedies offered by Ryanair in return for a green light to its takeover bid.

Ryanair, Europe’s biggest budget airline and already the biggest shareholder in Aer Lingus, vowed to appeal what it called a ‘‘political decision’’ designed to meet the interests of the Irish government. Its offer valued Aer Lingus at about $900 million.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.