Business Irish

Monday 26 June 2017

Aer Lingus sale: Ryanair intentions on stake key to deal

Ryanair's intentions for its stake in Aer Lingus will have to be declared before a Cabinet decision on the sale of the airline can be made
Ryanair's intentions for its stake in Aer Lingus will have to be declared before a Cabinet decision on the sale of the airline can be made

Daniel McConnell and Sarah McCabe

Ryanair's intentions for its stake in Aer Lingus will have to be declared before a Cabinet decision on the sale of the airline can be made.

Senior Government sources last night confirmed that the Cabinet would be given a chance to decide on the State's 25.1pc stake in the former national carrier only when rival airline Ryanair had made its intentions known.

Six months after the British group made its first bid a decision to sell the State's holding in the airline has still not been reached.

Tánaiste Joan Burton said Ryanair held a "significant stake" of nearly 30pc in Aer Lingus and how Michael O'Leary's airline approached the matter would be key to any decision the Government may take.

Despite Labour concerns around the deal, the Government clearly appears to be in support of selling the Government's stake.

Transport Minister Paschal Donohoe has yet to receive a 'final report' from the interdepartmental report into the future of Aer Lingus.

Irish Independent

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