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Ryanair facing probe

BUDGET airline Ryanair faces a probe into its 29.8pc stake in Aer Lingus, the Office of Fair Trading has confirmed.

Sheldon Mills, director of mergers at the OFT, said that "in time" it would review the stake.

"We believe that an interpretation of the law that could lead to inconsistent outcomes at national and European level risks undermining the coherence of merger control in the EU," he said.