Monday 20 November 2017

Aer Lingus sale: Transport minister Paschal Donohue meeting IAG's Willie Walsh

Willie Walsh
Willie Walsh
Lise Hand

Lise Hand

Transport Minister Paschal Donohoe is to meet with IAG chief executive Willie Walsh this afternoon to discuss the proposed takeover of Aer Lingus.

The International Airlines Group boss is spending two days in Dublin for talks aimed at heading off growing opposition to the government selling off its 25pc stake in the national carrier.

As well as meeting with Minister Donohoe, Mr Walsh will have a sit-down with the government’s interdepartmental review group, and tomorrow he faces a grilling from the Oireachtas transport committee.

Read more: Aer Lingus pensioners protest outside Dail against slashed pensions

Speaking at a Tourism Ireland launch this afternoon, the Minister said he will be meeting with the IAG boss today “to make clear those issues that are of great concern to the government and to outline the areas in which we will evaluate any potential bid”.

He added, “The government has always made very very clear that we will make the decision based on what is the right long-term interest for our country, and a key part is access in and out of our country.”

Shares in Aer Lingus stabilised yesterday, down 0.4pc at the close of business, having fallen by as much as 9.5pc at one stage the previous day.

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