28-Aug-2009 9:51 AM

Ryanair claims Aer Lingus has misled shareholders

Ryanair announced (27-Aug-09) it has called on the Irish Stock Exchange and the Irish Takeover Panel to explain why they allowed the Board of Aer Lingus to "mislead shareholders and the markets when they published their defence document on 22-Dec-08", following Aer Lingus' announcement of 1H2009 losses. According to the LCC, Aer Lingus claimed it expected to achieve a profit in 2008 and to retain this profitability in 2009. The carrier reported a net loss of EUR108 million in 2008. [more]