Ireland Accepts IAG Bid for Aer Lingus | Aviation International News

Ireland Accepts IAG Bid for Aer Lingus

Ryanair yet to weigh in

Aer Lingus Airbus A320s operate at slot-controlled London Heathrow Airport. (Photo: Flickr: Creative Commons (BY-SA) by Aero Icarus)

By Gregory Polek • Senior Editor

May 27, 2015

The Irish government has accepted a cash offer from British Airways parent International Consolidated Airlines Group for its 25-percent stake in Aer Lingus, IAG announced Tuesday. However, the €1.4 billion offer remains subject to acceptance by 29.8-percent shareholder Ryanair, which has yet to indicate whether or not it will block the deal. In a nod to conditions placed on the sale by the government, IAG said it has agreed that Aer Lingus would retain all its existing slots at London Heathrow Airport. It also committed to maintaining Aer Lingus’s current daily winter and summer scheduled frequencies between London Heathrow and Dublin, Cork and Shannon for at least seven years after the acquisition.

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