Wednesday 22 November 2017

Heathrow slots are vital asset

The warning from ratings agency Standard & Poors that it may cut the credit rating of state-owned companies ESB, Bord Gais and the Dublin Airport Authority, makes the Government's task of persuading outside investors to purchase minority stakes in the major semi-states even more difficult.

As we report today, the Government is considering selling off the remaining 25pc state shareholding in Aer Lingus.

It would appear that, in order to facilitate such a sale, the Government has dropped its insistence on retaining control of Aer Lingus's potentially extremely valuable Heathrow slots.

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