Ryanair has purchased a further €85m worth of shares in Aer Lingus.
This brings its shareholding in Aer Lingus up from 19% to 25%.
It is understood the shares, which were purchased from a US hedge fund, were bought at an average price of €2.75.
Aer Lingus said that the move did not change anything and said the offer from Ryanair did not represent 'good value for shareholders'.
Despite the development, shareholders opposed to the Ryanair bid still own 46% of Aer Lingus.
