Ryanair ‘open to offers’ for Aer Lingus stake

Ryanair has said it remains "open to offers" for its near 30% stake in Aer Lingus, but added that it has not been approached by the owner of British Airways, IAG, as yet regarding its shareholding.

IAG has had two approaches for Aer Lingus rejected by the airline’s board — the most recent, at €2.40 per share/€1.28bn coming late last week. A third approach, potentially priced at somewhere between €2.50 and €2.70 per share, is anticipated this week.

Speaking yesterday, at an operational update briefing, Ryanair’s chief marketing manager, Kenny Jacobs said that Ryanair hadn’t heard from IAG but has been ready to sell its 29.8% stake in Aer Lingus “for a while” and is “still open to offers”.