FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
EU regulator extends Ryanair, Aer Lingus review to March 6
BRUSSELS (Reuters) - EU antitrust regulators have extended their review of the latest bid by Ryanair (RYA.I) to acquire Irish rival Aer Lingus (AERL.I) to March 6 after the budget carrier offered additional concessions to allay competition concerns.
The one-week extension from February 27 was published on the European Commission's website on Wednesday without any details, in line with the EU executive's policy.
Ryanair, Europe's biggest low-cost airline, said on Tuesday it was confident of gaining EU approval for the 694-million-euro ($922 million) deal.
The carrier's latest offer to the Commission included ceding 43 routes to Flybe (FLYB.L) and three Aer Lingus' Heathrow routes to British Airways (ICAG.L), a person familiar with the matter has told Reuters.
Flybe confirmed that it was in talks about a possible transfer of aircraft and operating routes and said that the discussions were non-exclusive and non-binding.
Flybe, Europe's largest regional airline, announced 300 job cuts, or about 10 percent of its workforce, earlier on Wednesday.
This may weaken its case as a buyer of Aer Lingus routes, said a source involved in the Ryanair and Aer Lingus deal.
(Reporting by Foo Yun Chee and Karen Rebelo, editing by Rex Merrifield)
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