| 7.6°C Dublin

Jobs ‘key to decision on Aer Lingus shares sale’

Close

Transport minister Paschal Donohoe appealed to trade unions to pull back from strike action

Transport minister Paschal Donohoe appealed to trade unions to pull back from strike action

Transport minister Paschal Donohoe appealed to trade unions to pull back from strike action

“Jobs” and “access” will be the main issues considered by the Government over proposals to sell its share in Aer Lingus, Minister for Transport Paschal Donohoe has said.

International Airlines Group (IAG), the parent group of British Airways, Iberia and Vueling, has made an offer of €2.55 per share. The board of Aer Lingus said earlier this week that it is willing to recommend to shareholders that they accept the €1.37bn offer.

decision

Mr Donohoe said that any decision would focus on the retention of slots at Heathrow Airport and the effect of potential job losses. Representatives of IAG met officials to discuss the offer earlier this week.

Shares in Aer Lingus slumped again today amid the growing wave of political and business opposition to the proposed €1.37bn takeover of the airline.  Separately this morning it was revealed that Qatar Airways has acquired a €1.59bn stake in IAG.

hnews@herald.ie


Privacy