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The Punt: Brosnan backs Aer Lingus sale

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Should the Government say no, IAG will still have the option of encircling it

Should the Government say no, IAG will still have the option of encircling it

Should the Government say no, IAG will still have the option of encircling it

You can bet that Virgin Atlantic wasn't particularly happy that a letter to Fianna Fail transport spokesman Timmy Dooley managed to become public.

Virgin Atlantic - long an opponent of IAG's British Airways unit - told the Clare TD that it has concerns about the planned takeover of Aer Lingus by IAG. The 'Limerick Leader' reported Dooley as saying that he remains opposed to a takeover and that Virgin's concerns back up that reasoning.

Former Kerry Group boss Denis Brosnan came out in support of the Aer Lingus deal this week. A Kerry native, he now lives in Croom, Co Limerick, where he owns a thoroughbred stud farm. He told a gathering at a North Kildare Chamber event that the takeover would be the "right thing" for Aer Lingus and that Shannon would have to "fight its own corner" just as Dublin and Cork do.

Beware banks bearing gifts

Junior minister Simon Harris told Bloomberg TV that global banks had tendered to work for free advising the State on AIB. Goldman Sachs won the tender for "this very prestigious body of work," in the minister's words.

Freebies are great, but the Punt reckons some things are worth paying for. Perhaps a call to Greece might change our view on banks bearing gifts.

Irish Independent