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17/10/2011
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus.
According to the Financial Times, a meeting between James Hogan, the Chief Executive of Etihad and Taoiseach Enda Kenny, at an investment conference in Dublin, sparked interest. This comes after the Irish Government said in September it would sell its stake in the airline.
Transport Minister Leo Varadkar said that he would not sell it for less than €1m per share, which would value the stake at €132.4m and Aer Lingus at €529.6m, the newspaper said.
The Financial Times cited people with knowledge of the move as saying it is unclear how far talks have progressed and that they might not result in any deal, but Aer Lingus and Etihad have not commented.
Meanwhile analysts believe that the most likely buyer of the airline is International Airlines Group, the parent company of British Airways. Its boss, Willie Walsh was a former head of Aer Lingus.
(LB/CD)
According to the Financial Times, a meeting between James Hogan, the Chief Executive of Etihad and Taoiseach Enda Kenny, at an investment conference in Dublin, sparked interest. This comes after the Irish Government said in September it would sell its stake in the airline.
Transport Minister Leo Varadkar said that he would not sell it for less than €1m per share, which would value the stake at €132.4m and Aer Lingus at €529.6m, the newspaper said.
The Financial Times cited people with knowledge of the move as saying it is unclear how far talks have progressed and that they might not result in any deal, but Aer Lingus and Etihad have not commented.
Meanwhile analysts believe that the most likely buyer of the airline is International Airlines Group, the parent company of British Airways. Its boss, Willie Walsh was a former head of Aer Lingus.
(LB/CD)
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Aer Lingus Pilots Announce 48-Hour Strike
Around 500 Aer Lingus pilots have announced plans to hold a 48-hour strike next week, in protest over plans to pay staff at the company's new Belfast operation less than those in the Irish Republic. The strike is due to be held next Tuesday and Wednesday and is expected to affect all the air routes run by Aer Lingus.
Aer Lingus Pilots Announce 48-Hour Strike
Around 500 Aer Lingus pilots have announced plans to hold a 48-hour strike next week, in protest over plans to pay staff at the company's new Belfast operation less than those in the Irish Republic. The strike is due to be held next Tuesday and Wednesday and is expected to affect all the air routes run by Aer Lingus.
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
