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Acquisition & Investment, Business, News, Politics, Shannon Airport, Transport & Logistics

Aer Lingus receives improved offer from IAG

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International Airlines Group (IAG) could be one step closer to taking over Aer Lingus after Ireland’s flagship airline today confirmed it has received an improved takeover offer from British Airways parent company.

In a brief statement to the Stock Exchange this morning, Aer Lingus said it had received an offer of €2.55 per share.

Fianna Fáil Spokesperson on Transport Timmy Dooley TD reacted to the news by calling on the Transport Minister to rule out any sale of the Government’s stake in Aer Lingus in order to “protect Ireland’s strategic national interests”.

“Any such sale could see Aer Lingus’ critical Heathrow slots siphoned off, risking future connectivity and jobs at Dublin, Cork and Shannon airports,” stated Senator Dooley.

“The Government must act to ensure that it does not allow Aer Lingus management to cave to any bid from IAG.  I’m calling on Minister Paschal Donohoe to make a statement declaring that he will use the State’s 25% shareholding to block any IAG outright purchase.  Ireland’s strategic national interests must be protected and that will not be done through a quick fire sale, which relinquishes valuable slots at Heathrow, risks up to 1,000 jobs and gives away forever an important strategic asset,” he added.

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About Mark Dunphy

Founder and Editor of The Clare Herald, Mark Dunphy is a native of Connolly in County Clare. Mark also operates Dunphy PR.

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