The Commission prohibited the proposed takeover of Aer Lingus by Ryanair, both of Ireland. Ryanair is a low-cost airline operating point-to-point scheduled air services mainly in Europe. Aer Lingus is an airline offering short-haul point-to-point scheduled air transport services from Ireland. Ryanair holds a minority shareholding of 29.8% in Aer Lingus making Ryanair the largest shareholder in the company. The Commission found that the acquisition would have combined the two leading airlines operating from Ireland and would have led to the creation of a monopoly or a dominant position on 46 routes where Ryanair and Aer Lingus compete directly. Further, the Commission found that due to Ryanair’s and Aer Lingus’ strong market position in Ireland there was no prospect that any new carrier would enter the Irish market after the acquisition, in particular by creating a base at the relevant Irish airports, and challenge the combined entity on a sufficient scale. Thus, the Commission was concerned that the acquisition would have harmed consumers by reducing choice and increasing prices for customers travelling on these routes. To alleviate the Commission’s concerns, Ryanair offered several sets of remedies. The final remedy package consisted mainly of divestiture of Aer Lingus’ operations on 43 overlap routes to Flybe and divestiture of take-off and landing slots to IAG/British Airways at London airports to allow BA to operate three routes from London to Ireland. However, the Commission's investigation demonstrated that these remedies were insufficient to ensure that customers would not be harmed, taking into account the scope and magnitude of the competition concerns. Therefore, the Commission prohibited the acquisition. This was already the third time that Ryanair notified the proposed acquisition of Aer Lingus to the Commission. Source: Commission Press Release 27/2/2013