Aer Lingus – Ryanair update

Ryanair wants details of IAG's plans for Aer Lingus, including possible remedies to competition concerns, before it decides whether to accept IAG's offer for its 30% stake.  British Airways owner has the backing of the Aer Lingus board.  The Irish Government which holds a 25% interest has still to make a decision.

But Ryanair hovers with the decision in the hands of its board, which Chief Executive Michael O’Leary has not always been at one with in the past.
 
"Our position is that our stake is available for sale if somebody comes up with the right offer... not just in terms of price but also in terms of what the investor may wish to do with Aer Lingus in the future," he told reporters in London.
 
"One of the big areas of discussion between ourselves and IAG would be what kind of competition remedies will IAG have to offer up to the European Commission to be able to allow a takeover to take place," he said.

Aer Lingus and British Airways are currently the only airlines flying scheduled direct flights from Heathrow to Dublin and regulators may demand another airline compete on the route if IAG buys Aer Lingus.     www.ryanair.com

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