Friday 20 April 2018

An independent Aer Lingus is no 'tragedy' for our nation

Willie Walsh
Willie Walsh

Timmy Dooley

We should consider more than shareholder value before we consider selling the State's strategic interest in Aer Lingus.

Various people have taken sides in this debate and the economist Colm McCarthy, one of the strongest proponents of the Willie Walsh-led takeover of Aer Lingus by IAG, recently wrote that doubts over the sale are "groundless", with the sale being "unquestionably" in the best interest of shareholders.

Public representatives, however, should take account of a wider range of factors than simply whether the shareholder price is right.

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