Advisers to earn €10m from flotation

INVESTMENT bankers and legal advisers are set to earn close to €10 million in fees from the flotation of Aer Lingus, senior Dublin investment sources said yesterday.

Both the Government and the airline have employed top investment advisers for a number of months on various privatisation options.

In a sale of Aer Lingus to another airline or an investment house, the fees would have been relatively small, but listing on the Dublin and London stock markers will net millions for those working on the transaction.