'Ryanair will now focus all of our energies on continuing to successfully grow and develop Ireland's biggest airline,' chief executive Michael O'Leary said.
Seems to imply that the takeover bid is over for now.
I agree, he will just wait another year, which will be with out a doubt one of the toughest year any of us will ever see, where in a 737,800 or 321 we will think 120 is a good load, and when the aer lingus share price has dropped off the cliff, he will bid again, this time with spiralling unemployment and debt in ireland the irish goverment will most likely accept. Then the real fun will begin........