BREAKING: Government will sell its 25pc stake in Aer Lingus to IAG, Minister confirms

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  1. uggboy
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    BREAKING: Government will sell its 25pc stake in Aer Lingus to IAG, Minister confirms

     
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  2. uggboy
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    Aer Lingus takeover: Stormy scenes in Dail as government accused of trying to 'ram' through sale

    The Government has today been accused of trying to "ram through" the controversial Aer Lingus sale as the Opposition claims it is being kept in the dark.

    There were rowdy scenes in the Dail as TDs begin a two day debate on the sale of the State's 25pc stake in Aer Lingus to the International Airlines Group (IAG).

    http://www.independent.ie/irish-new...d-of-trying-to-ram-through-sale-31257319.html
     
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    Aer Lingus: Etihad Airways to sell stake in airline

    Etihad Airways has agreed to sell its stake in Aer Lingus Group, Etihad's Chief Executive Officer James Hogan said in an interview.

    Hogan added that Etihad will sell its 4.99-percent stake in Aer Lingus which is the subject of takeover bid by British Airways-parent International Airlines Group.

    The moves reflect Etihad's strategy to grow its route map through airline partnerships. With codeshares on French domestic flights imminent, Etihad also is looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines, Hogan said.

    http://www.independent.ie/business/...irways-to-sell-stake-in-airline-31285402.html
     
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    Aer Lingus Heathrow ceasefire

    Aer Lingus has called a ceasefire with the European Commission in a legal battle regarding the awarding of take-off and landing slots at Heathrow Airport.

    Next month, the European Court of Justice was due to hear a case that was being taken by the airline against the Commission.

    Aer Lingus initiated the action in 2013 following a 2012 decision by the European Commission to award Virgin Atlantic coveted Heathrow slots that British Airways owner IAG was being forced to divest as part of conditions attached to its takeover of BMI, formerly known as British Midland. The slots had to be awarded to an airline unconnected with IAG.

    But with Aer Lingus now a subject of a €1.4bn takeover offer from IAG, the legal action against the Commission has effectively been suspended.

    http://www.independent.ie/business/irish/aer-lingus-heathrow-ceasefire-31284843.html
     

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