United Kingdom
United States
Asia Pacific
Ryanair completes Buzz deal without OFT clearance
Ryanair has today completed its takeover of smaller no-frills rival Buzz, even though the deal has not been cleared by UK regulatory authorities.
The UK’s Office of Fair Trading had been due to clear the deal earlier this month, but failed to do so because of competition concerns. The deal has already been cleared by regulatory authorities in Ireland and Germany.
Ryanair’s latest move means it could be faced with having to sell all or some of Buzz if the deal is ruled to be uncompetitive at a later date.
The Irish airline is paying EUR20.1m for Buzz, less than the original agreed purchase price of EUR23.9m. In a statement the company said the difference was due to “a number of issues, which arose during the due diligence process.”
Ryanair chief executive Michael O’Leary said:”We have been delighted with the speed and success of the turnaround and relaunch of the core Buzz operation. This turnaround will transform a company that was losing over EUR1m a week, to one that will be profitable when it relaunches on 1 May next.”
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
EU entry-exit system delayed again
Jet2 unveils Samos as new Greek destination for summer 2026
Carnival Cruise Line hosts Prague getaway for Fun Ambassadors
US tourism hit with UK, Germany travel warnings
Council moves to designate Forest of Dean a Biosphere