Donohoe tight-lipped on status of IAG bid for Aer Lingus

Donohoe tight-lipped on status of IAG bid for Aer Lingus
Paschal Donohoe

Transport Minister Paschal Donohoe is remaining tight-lipped on the status of the IAG bid for the Government’s stake in Aer Lingus.

It has been suggested today that the sale of the airline now hinges on Ryanair’s intentions for its own 29.8% stake.

IAG has reportedly made a fresh pledge to the Government to retain Aer-Lingus' prized Heathrow slots for Irish routes for seven years.

However, Minister Donohoe refused to be drawn in on such reports.

He told Newstalk: "I'm not going to comment on any of the speculation...I will be receiving a final report soon from my advisors, and I will then bring that to Cabinet."

When asked when specifically the report would be ready, he said: "It will be soon."

More on this topic

Aer Lingus records €45m operating profit since joining IAGAer Lingus records €45m operating profit since joining IAG

Government to formally accept IAG's offer for Aer LingusGovernment to formally accept IAG's offer for Aer Lingus

Aer Lingus shareholders vote in favour of IAG takeoverAer Lingus shareholders vote in favour of IAG takeover

Gatwick slots handed over for Aer Lingus sale approvalGatwick slots handed over for Aer Lingus sale approval

More in this Section

Concern for future of traditional advertising as high profile agency shutsConcern for future of traditional advertising as high profile agency shuts

Auctioneers call for end to 'archaic' property systemAuctioneers call for end to 'archaic' property system

Tech firm JRI formally begins roll-out of Tralee job expansion programmeTech firm JRI formally begins roll-out of Tralee job expansion programme

Primark to focus growth drive on US and PolandPrimark to focus growth drive on US and Poland


Lifestyle

Jim Murray is a guitarist, originally from An Muine Fliuch, Co Cork.A Question of Taste: Jim Murray, Guitarist

A consultant said it’s not ‘trigger finger’ and is looking into other possible conditions.Natural health: 'My middle finger is stuck at a slight angle'

If you're a gardener who follows astrology, you may be interested to know your garden could perform better if you plan your gardening schedule according to the path of the moon.Tuning into the cycles of nature is all part of lunar gardening

More From The Irish Examiner