URGENT ¥¥¥ EU bars Ryanair takeover of Aer Lingus

The European Commission said Wednesday it had barred, for a third time, low-cost airline pioneer Ryanair from taking over its Irish rival Aer Lingus due to concerns passengers would lose out.

The "merger would have harmed consumers by creating a monopoly or a dominant position on 46 routes ... this would have reduced choice and, most likely, would have led to price increases for consumers," the Commission said in a statement.