Labour TD Michael McNamara not willing to 'gamble' on Government sale of Aer Lingus to IAG
Labour TD Michael McNamara will not support the Government on the sale of Aer Lingus to international airline giant IAG.
Mr McNamara said he is not willing to 'gamble' the country’s future connectivity by accepting the €335m bid for the State’s 25.1pc share in Aer Lingus.
He praised IAG boss Willie Walsh’s business acumen but said Aer Lingus will be run for 'profit and profit alone'.
The Clare TD welcomed the additional guarantees on jobs from Aer Lingus chief executive Stephen Kavanagh but said there are 'a lot of questions outstanding'.
Mr McNamara apologised to Transport Minister Paschal Donohoe but said he does not have 'confidence' in the deal agreed by the Government and will not vote in favour in the Dail.
Mr McNamara now risks losing the Labour Party whip.
The Dail is due to vote on selling the State’s shareholding around 4.40pm today.