Ryanair to sell Aer Lingus stake to IAG

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    Ryanair has just announced that is accepting the £961 million IAG (parent company of British Airways) bid for Aer Lingus. The bid that was already blessed by the Irish authorities was already a precursor for the complete takeover of Aer Lingus and integration into the IAG network. The trans-Atlantic flight routes from Dublin are too hard to resist for Heathrow slot starved IAG. Ryanair owns 29.8% of Aer Lingus and wasn’t really a willing party to sell out the stake. They tried thrice to buy over Aer Lingus but failed in all their bids due to stiff opposition from all ends. I guess no wanted Ryanair to dominate the Irish market leaving them with no other option but to sell out. We may soon see… The post Ryanair to sell Aer Lingus stake to IAG appeared first on Plane 'n Simple.

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