Ryanair makes €694m cash offer for Aer Lingus

Ryanair has made a bid for Aer Lingus, the third time it has tried to buy the airline in the past six years.

In a statement, the low fares carrier has outlined its intention to make an all cash offer of €1.30 per share, valuing Aer Lingus at €694m.

Ryanair already owns 29.82% of Aer Lingus and said the future of the former flag carrier can be best secured within one strong Irish airline group.

It said that if its bid is successful it would put Aer Lingus on a "growth trajectory".


More in this Section

Ryanair announces 250,000 more seats from Ireland for next summer

Boeing ’being used as scapegoat’ for Bombardier job cuts, firm says

Surge in tech processionals moving to Cork

Irish tourism enjoying best year to date


Today's Stories

Battle of big forces at Ryanair

More public investment needed for Cork to thrive

Too early to tell whether prices and wages will rise

Little room for hot air in energy debate

Lifestyle

Timing is everything as The Frank and Walters revisit 'Grand Parade'

A question of taste: Eileen O'Shea

Eoghan O'Sullivan's picks his highlights of 2017

Learning Points: The ghost of Christmas past is always nostalgia

More From The Irish Examiner