IAG: Takeover would maintain connectivity to and from Irish airports

Shares in Aer Lingus rose again yesterday following confirmation from the airline’s board that it is willing to recommend IAG’s third bid to its shareholders for approval.

IAG indicated it would only proceed with its third proposal with a signal from the Aer Lingus board that it would be willing to recommend the revised €2.55 per share offer.

The airline group, headed by former Aer Lingus CEO Willie Walsh, said it intends to allow Aer Lingus to operate as a separate business with its own brand, management, and operations.