Leo Varadkar rules out sale of State stake in Aer Lingus
Any short term sale not on the cards, says Minister
TRANSPORT Minister Leo Varadkar has ruled out any short-term sale of the State’s stake in Aer Lingus.
He said he did not see the “right conditions” for a sale any time soon of the State’s 25pc stake in the airline.
“What we’ve said consistently is that we’ll sell the stake at the right time, at the right price and under the right conditions,” he said in an interview.
His comments come as a ballot for industrial action at the airline are expected today.
This relates to a number of issues including rostering schedules and plans by Aer Lingus to close its cabin crew base at Shannon airport.
There are also ongoing disagreements over the airline’s pension scheme which has a deficit of about €780m for Aer Lingus staff and those of the Dublin Airport Authority.
The airline has said that it will not invest any more than the €140m it has agreed to put into the scheme.