Tuesday 17 October 2017

Third time lucky for Ryanair?

Like Captain Ahab and the whale in Herman Melville's novel 'Moby Dick', Ryanair boss Michael O'Leary seems determined to capture his prey.

On Tuesday, Ryanair launched yet another bid for Aer Lingus, the third in the space of less than six years.

Ryanair is offering Aer Lingus shareholders, including the State which still retains 25pc of the airline, €1.30 for their shares. The bid, which values the whole of Aer Lingus at €694m, would yield €174m for the exchequer if it went through.

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