Ryanair Holdings Plc (RYA) was told by the European Commission this week that more must to be done to rescue its bid to take over Aer Lingus (AERL) Plc, according to two people familiar with the matter.
European Commission officials met executives from Dublin- based Ryanair in Brussels two days ago to discuss anti-trust objections to the bid and outlined shortcomings in remedies proposed by the carrier last month, said the people, who declined to be identified as the matter is private. Ryanair has until the end of the month to respond, one of the people said.
Antoine Colombani, a spokesman for the European Commission, declined to comment on the process, as did Ryanair spokesman Stephen McNamara.
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