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Tag Archives: IAG offer

Carey outlines stance on IAG offer

Clare Fine Gael TD Joe Carey has today (Wednesday) outlined his position in relation to the current proposed offer from IAG for a takeover of Aer Lingus. “The issue of the IAG proposed takeover is complex, in that the best interests of the taxpayer must be balanced against long-term strategic regional development and connectivity. We have consistently stated that as a Government we will not rush to sell our minority shareholding unless the market conditions and terms of the sale were favourable to our stated policy interests. As an island, it is crucial we maintain and grow our aviation links given that 80% of passenger movements in and out of Ireland are by air. Coupled with this, Aer Lingus has long been of strategic and economic importance to Ireland, supporting significant numbers of jobs and in the top 50 of Irish employers. “As a Government we have considered and discussed carefully all aspects of this proposed takeover. As a County …

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