Originally Posted by ROKNA

And for the record IAG does not own 100% of Aer Lingus, this Irish government actually remains a share holder

Originally Posted by The Irish Times

Government statement on the sale of its stake in Aer Lingus

Having carefully considered all elements of the offer, the Government considers that a sale of the State’s minority shareholding to IAG, on the basis of the terms offered, would be the best means of securing and enhancing Ireland’s connectivity with the rest of the world and maintaining a vibrant and competitive air transport industry in Ireland. It would also best serve the interests of the travelling public, Aer Lingus and its employees, the Irish tourism industry and the Irish economy as a whole.

The Government also agreed this morning the General Principles of the proposed disposal of the State’s shares which are held by the Minister for Finance, and Minister Donohoe will seek Dáil approval for these shortly, as required under Section 3(5) of the Aer Lingus Act 2004

Originally Posted by The Irish Times

The sale of the State’s 25 per cent stake in Aer Lingus to International Airlines Group (IAG) has been recommended by the Cabinet and will go before the Dáil on Wednesday.

Announcing the move, Minister for Transport Paschal Donohoe said the seven-year guarantee on the company’s slots at Heathrow and commitments on jobs were among the key elements which swung Coalition support.