IAG takeover ‘could create thousands of jobs’

IAG’s takeover of Aer Lingus would secure the former national carrier’s future and could create thousands of jobs that would far outweigh any potential losses, an expert has claimed.

The proposed takeover would position Aer Lingus to further grow its profitable long-haul business while insulating it from economic downturns which could seriously hamper profitability.

Merrion Capital head of research David Holohan said that while the airline is in good shape, it remains vulnerable in a notoriously cyclical industry. He said relying on what is a relatively small airline to buck the trend of national flag carriers amalgamating to ensure their viability, would not be the wisest course of action.