This excerpt taken from the RYAAY 6-K filed Mar 19, 2009.
Ryanair's Director of Legal & Regulatory Affairs, Jim Callaghan, said:
"Ryanair welcomes the Competition Commission's final report and fully endorses its findings including its justified criticism of the CAA regulatory regime which has repeatedly failed passengers and airlines for so many years. The BAA Monopoly has long ignored the needs of its airline users and the travelling public and provided inefficient, gold plated and overly expensive facilities, encouraged by an ineffectual and incompetent regulator, the CAA.
"Monopolies don't work. The BAA monopoly has done enormous damage to competition and the travelling public and Ryanair welcomes the CC's recommendation to break-up the
Monopoly. Competition in the airline industry has delivered huge benefits for consumers and this will now be replicated at the three main
airports. Ryanair looks forward to working with the new owner of Stansted and we call on the Competition Commission to ensure the early sale of both Gatwick and
We once again call on failed regulator Harry Bush to resign as the CC report once again highlights his abject failure to effectively regulate the out of control and abusive BAA Monopoly. Regulatory failure such as his warrants and deserves the sack as his regulatory incompetence has led to higher costs and abject services for the travelling public, which has directly led to the collapse of passenger numbers at the
BAA airports over the past year