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Tag Archives: International Airlines Group (IAG)

Minister briefs Cabinet on bid for Aer Lingus

Minister for Transport, Paschal Donohoe has briefed Cabinet colleagues on the approaches that have been made to the board of Aer Lingus by International Airlines Group (IAG) – each of which is in the public domain. Outlining the current situation, he said, “The Government notes the statement by the Board of Aer Lingus this morning that it has indicated to IAG that the financial terms of the latest proposal are at a level which it would be willing to recommend, subject to being satisfied with the manner in which IAG proposes to address the interests of relevant parties. “The process involving a potential sale of Aer Lingus to IAG is in the early stages. It is important to note that IAG has made a proposal to make an offer and that no formal offer has yet been made. “At this point I want to again emphasise that proposals, which involve the potential sale of the State’s Aer Lingus shares, will …

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