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IAG Given Clearance by Irish Government for Aer Lingus Takeover
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27.05.2015
The owner of British Airways is set to take over Aer Lingus in a deal that values the Dublin-based flag carrier at €1.4bn after the Irish government agreed to sell its stake to International Airlines Group.
Paschal Donohue, Ireland’s transport minister, confirmed that the sale of the former Irish state carrier to IAG can now go ahead.
The Dublin government owns 25% of the airline but its agreement, after six months of consideration, was critical for the deal to progress.
Paschal Donohue, Ireland’s transport minister, confirmed that the sale of the former Irish state carrier to IAG can now go ahead.
The Dublin government owns 25% of the airline but its agreement, after six months of consideration, was critical for the deal to progress.
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