Aer Lingus Sale To IAG Hinges On Ryanair

Aer LingusAer Lingus

Ryanair’s intentions for its stake in Aer Lingus will have to be declared before a Cabinet decision on the sale of the airline can be made.
According to reports, Senior Government sources recently confirmed that the Cabinet will only be given a chance to decide on the State’s 25.1 per cent stake in the former national carrier once Ryanair makes known its intentions.
A decision to sell the State’s holding in the airline has still not been reached, six months after British group IAG made its first bid.
Speaking about the issue, Tánaiste Joan Burton said: “Clearly, there are ongoing issues in relation to Ryanair and the approach that they take.”
When pressed as to why there has been such a delay, she said the role of Ryanair is a complicating factor and clarity is needed. “Remember, it is not just the Government which is involved in this. There is a significant stake held by Ryanair and how they approach that will be very significant in any decision being made.”