Aer Lingus ordered to publish cost-cutting plan

AER Lingus has been ordered to publish details of its cost-cutting plan next week.

A part of its defence against Ryanair’s 1.4 billion hostile offer, Aer Lingus announced it was preparing to cut costs as part of its 2007 “process improvement programme”, although it gave no details of what this involved.

The Irish Takeover Panel said it has been in communication with Aer Lingus with regard to its intended timetable for the publication of the details, as it must be published within a certain timeframe.