URGENT ¥¥¥ Ryanair says Brussels to block Aer Lingus takeover bid

Irish no-frills airline Ryanair said on Tuesday that the European Commission intends to block its takeover bid for rival carrier Aer Lingus on grounds of unfair competition.

"Ryanair... was notified this (Tuesday) morning at a state-of-play meeting with the EU Commission, that the EU Commission intends to prohibit Ryanair's offer for Aer Lingus, despite the fact that Ryanair has met every competition concern raised in the EU's statement of objections and during the review process," said a statement.