Sunday 11 December 2016

Aer Lingus willing to have Ryanair talks

Published 21/10/2011 | 05:00

AER Lingus chairman Colm Barrington said the airline remained willing "to have discussions" if Ryanair was "truly interested" in selling its stake in the company.

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Mr Barrington said this in a letter to Ryanair's chief executive officer, Michael O'Leary, dated yesterday. Ryanair owns about 30pc of Aer Lingus. Aer Lingus closed down 2.67pc at 73c.

EXPLORATION

EXPLORATION firm Dragon Oil sold less oil in the third quarter of the year compared with 2010, but achieved significantly higher prices, the company said yesterday.

Interim results from the company show it sold 2.7 million barrels in the third quarter of 2011, down 40pc year on year due to what it called "accumulated inventory" recorded in 2010. The company said production would increase by 25pc this year.

Irish Independent

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