iag

Walsh Back On Aer Lingus Board

IAG Chief Executive and former Donabate resident, Willie Walsh has been appointed as a director of Aer Lingus, the company he left 11 years ago, to become boss of British Airways. His appointment comes after a major shake-up at the airline, which has seen most of the existing board being…


European Commission Clears Aer Lingus Takeover

As part of a deal with the European Commission to secure clearance for its €1.36bn takeover of Aer Lingus, IAG will relinquish takeoff and landing slots at Gatwick airport. Aer Lingus and the DAA all welcomed the EC decision to sanction the takeover. The Commission approved the Aer Lingus acquisition…


Ryanair Decision A Boost For Local Tourism

The board of Swords based airline, Ryanair has voted unanimously to accept the IAG offer for the airline’s 29.8 per cent shareholding in Aer Lingus Group. CEO, Michael O’Leary described the IAG offer for Aer Lingus as a ‘reasonable one’ and that Ryanair would return a small profit on the…


Local Reps Differ Over Aer Lingus Loot

With the sale of Aer Lingus all but done and dusted, the question now is how will the government use the €335m proceeds of the sale. Already there has been a clamour from TDs across the country, looking for the completion of transport infrastructure projects for their own areas. The…


Etihad Sells Its Aer Lingus Stake

Etihad Airlines have now decided to sell its 5 per cent stake in Aer Lingus to IAG, as part of a €1.36bn takeover bid for the national carrier. Chief executive of Etihad, James Hogan, confirmed the planned sale, and said: “We’re keen to maintain a relationship with IAG and indications…


Ryanair To Appeal Decision On Aer Lingus Stake

Ryanair has said that it will appeal a ruling from the UK’s competition authority to sell down the majority of its almost 30 per cent stake in Aer Lingus. The UK’s competition watchdog, the Competition and Markets Authority (CMA), issued a final ruling ordering that Ryanair sell down its 29.8…


Opinion Divided Over Aer Lingus Sale

The Dáil, as expected, has signed off on the sale of the 25.1 per cent Government share in Aer Lingus on Thursday last. The decision has precipitated a war of words between local political representatives in the North County, some of whom think it is a wonderful thing for the…


Aer Lingus Sale To IAG Hinges On Ryanair

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…