Cabinet to discuss Aer Lingus takeover offer

This Tuesday morning’s Cabinet meeting could have a significant impact on the future of Shannon Airport.

The Board of Aer Lingus has recommend shareholders accept a €1.3 billion takeover offer from IAG.

The potential deal will be discussed by ministers at Cabinet this morning, and Transport Minister Paschal Donohue says maintaining employment and connectivity is of the utmost importance.

There have been concerns in this region that any sale could damage the local economy, in the event that the new owners move London Heathrow landing slots away from Shannon.

Trade unions maintain up to 1,200 jobs could be put at risk if any sale goes through, and are calling on the Government to seek guarantees this won’t occur.

Also mentioned this morning, is the importance of retaining the Aer Lingus brand in any takeover scenario.