Ireland Approves IAG’s Takeover Bid For Aer Lingus

Discussion in 'Blogstand' started by BoardingArea, May 27, 2015.

  1. BoardingArea

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    In late January I posted about IAG's bid to take over Aer Lingus. IAG is the parent company of British Airways, Iberia, and Vueling, and is one of the three European airline "superpowers." However, the ownership of Aer Lingus was a bit complicated, given that Ryanair owns ~30% of Aer Lingus while the Irish government owns 25%. The biggest challenge there seemed to be getting Ireland to accept the bid, given the politics involved. Well, that has finally happened, and Ireland's government has agreed to sell their 25% Aer Lingus stake to IAG. This comes after two unsuccessful takeover bids last year. What remains to be seen is what Ryanair will do with their stake in Aer Lingus. Via BBC: The post Ireland Approves IAG’s Takeover Bid For Aer Lingus appeared first on One Mile at a Time.

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