Ryanair offers more EU concessions for Aer Lingus deal
BRUSSELS (Reuters) - Ryanair (RYA.I) has offered more concessions to EU antitrust regulators after earlier proposals by the airline failed to soothe competition concerns over its third bid to buy Irish rival Aer Lingus (AERL.I).
The European Commission said on its website on Monday it would now decide by February 27 whether to clear or block the deal, extending its review by 15 working days.
The Commission, which acts as competition authority for the European Union, did not give details of Ryanair's latest proposals.
The concessions are in addition to a commitment from at least two EU airlines to set up bases in Dublin, and for Ryanair to scrap some routes it and Aer Lingus currently fly from Ireland.
The Commission blocked Ryanair's first takeover bid for Aer Lingus in 2007. The Irish budget airline dropped a second offer in 2009.
BEIJING - U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
- The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.