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27/05/2015
Govt's Decision To Sell Share In Aer Lingus To IAG Slammed
Sinn Féin Transport Spokesperson Dessie Ellis TD has said that the government's decision to sell the state's share in Aer Lingus to IAG is a bad deal for Ireland. He made his comments following the announcement by Minister Paschal Donoghue that the Fine Gael/Labour Cabinet had agreed to sell of the state's 25% share.
Mr Ellis said he has "grave concerns" for the effect it will have on Ireland's connectivity into the future.
He said: "IAG have no interest in Ireland and the government have failed to stand up for the interests of the country instead seeking to make a quick profit as an election looms.
"The CEO of IAG made it clear in an interview last year that he desperately needs more slots at Heathrow for growing markets in Asia and South America in the long term.
"It will be Aer Lingus's slots which provide essential connectivity for Ireland which will serve at these much needed assets for IAG, a multinational conglomerate only interested in their profit margins and their shareholders."
(CD)
Mr Ellis said he has "grave concerns" for the effect it will have on Ireland's connectivity into the future.
He said: "IAG have no interest in Ireland and the government have failed to stand up for the interests of the country instead seeking to make a quick profit as an election looms.
"The CEO of IAG made it clear in an interview last year that he desperately needs more slots at Heathrow for growing markets in Asia and South America in the long term.
"It will be Aer Lingus's slots which provide essential connectivity for Ireland which will serve at these much needed assets for IAG, a multinational conglomerate only interested in their profit margins and their shareholders."
(CD)
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10 July 2015
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group. The airlines stake has been available for sale since May 2012. The board has said it believes the current IAG offer "maximises Ryanair shareholder value.
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group. The airlines stake has been available for sale since May 2012. The board has said it believes the current IAG offer "maximises Ryanair shareholder value.
27 January 2015
Aer Lingus To Recommend Sale To IAG
Aer Lingus has indicated that it is to recommend to its shareholders the acceptance of a revised takeover offer from IAG. The latest offer involves an all cash offer of €2.50 per share and a cash dividend of €0.05 per share.
Aer Lingus To Recommend Sale To IAG
Aer Lingus has indicated that it is to recommend to its shareholders the acceptance of a revised takeover offer from IAG. The latest offer involves an all cash offer of €2.50 per share and a cash dividend of €0.05 per share.
25 February 2015
IAG Offer 'Bargain Basement Price' - Labour
Labour has criticised the IAG takeover bid for Aer Lingus as a "bargain basement price". The party's Joe Costello said that the annual returns for the airline are "most impressive" and in a difficult economic climate, has "sprinted ahead of its competitors".
IAG Offer 'Bargain Basement Price' - Labour
Labour has criticised the IAG takeover bid for Aer Lingus as a "bargain basement price". The party's Joe Costello said that the annual returns for the airline are "most impressive" and in a difficult economic climate, has "sprinted ahead of its competitors".
30 January 2015
Access And Jobs Key In Govt Decision Over Aer Lingus Sale
Access and jobs will be key factors in the government's decision on whether or not to accept an Aer Lingus takeover bid by IAG, Minister for Transport Paschal Donohoe has said. The Aer Lingus board said earlier this week it was willing to recommend the acceptance of the latest offer from IAG.
Access And Jobs Key In Govt Decision Over Aer Lingus Sale
Access and jobs will be key factors in the government's decision on whether or not to accept an Aer Lingus takeover bid by IAG, Minister for Transport Paschal Donohoe has said. The Aer Lingus board said earlier this week it was willing to recommend the acceptance of the latest offer from IAG.
19 October 2007
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
