Tuesday 6 December 2016

Five months on from first approach, IAG still can't get the clearance to land airline deal

Published 14/05/2015 | 02:30

The Government wants assurances on the future use of Heathrow slots, connectivity, net job growth and more, having put IAG through the ringer to come up with solutions.
The Government wants assurances on the future use of Heathrow slots, connectivity, net job growth and more, having put IAG through the ringer to come up with solutions.

Five months ago today, IAG made its first approach to buy Aer Lingus, marking what would be the beginning of a political and corporate saga that has divided public opinion.

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Two days later, on December 16, Aer Lingus told IAG it wasn't interested based on the €2.30 per share that was on the table. By the end of January, IAG had offered €2.55 a share and things really got going.

Had this been a straight corporate deal it would have already concluded - one way or the other - by now.

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