Ryanair boss Michael O’Leary: State could sell its Aer Lingus stake to Ryanair

Posted: March 30, 2012 in Airlines, Aviation & Airports (General News), Ireland
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Ryanair boss Michael O’Leary said he has been approached by companies interested in buying the State’s 25% share in Aer Lingus.

He said he believes Ryanair might end up purchasing the State’s holding.

The low-cost airline has a 29.8% stake in the national airline but was refused permission to take it over in 2007 because it would have given it a near monopoly on flights out of the country.

Ryanair might end up purchasing the State’s Aer Lingus holding

Ryanair might end up purchasing the State’s Aer Lingus holding

At least two airlines are known to be interested in buying into Aer Lingus — Ethiad from the Middle East and JetBlue from the US. The State hopes to net  around €118m from the sale which is part of an agreement with the troika on €3bn  worth of state assets.

Mr O’Leary said Ryanair is happy to work with  whoever buys the State’s share or they could talk to them about selling their  stake. “We have ruled out that we will not sell our stake with the Irish  Government’s, so whoever buys the stake will either have to work with us or buy  our stake if they want to get control of it.”
He said Ryanair had  been approached by about three different airlines and consortia interesting in  buying the Government’s stake…..

Read the full story from The Irish Examiner…..


By Ann Cahill, Europe Correspondent
Friday, March 30, 2012


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