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Ryanair admit defeat

Ryanair's chief financial officer Howard Millar has conceded that the airline is unlikely to prevent a forced sale of its near 30pc stake in Aer Lingus. Mr Millar said that not succeeding in acquiring Aer Lingus is probably "one of the best things that never happened. "We gave it three good shots, but this is the business world," he said, referring to the three takeover attempts Ryanair launched against Aer Lingus since 2006.