Aer Lingus delists from stock exchanges after IAG takeover
Published 17/09/2015 | 08:04
Aer Lingus shares have been delisted from the Irish and London stock exchanges almost nine years to the day since the airline's flotation.
The airline was floated to much fanfare by the then Fianna Fáil government in 2006 at €2.20 a share.
The delisting comes after IAG completed its €1.36bn takeover of the airline. The former State-owned carrier is now a part of the British Airways owner, which paid €2.55 a share for the company.
Last month, Mr Walsh welcomed Aer Lingus to IAG, saying the airline would benefit from new routes that would in turn benefit customers as well as the Irish economy and tourism.
Mr Walsh plans to detail his strategy for Aer Lingus in November. He wants to use the carrier to expand IAG's transatlantic business via Dublin.
A recent research report by Goodbody Stockbrokers noted that the IAG move is likely to boost total traffic at Aer Lingus from 9.8 million passengers last year to 15 million by 2020.