IAG bid offers ‘unparalleled route to growth’

IAG’s offer to buy Aer Lingus comes at a time when the Irish carrier is more challenged than ever and offers an unparalleled route to sustainable growth.

That is according to Aer Lingus chief executive designate Stephen Kavanagh, who made the claim during his appearance at the Oireachtas transport committee hearing yesterday.

The proposed €2.55 per share takeover by former Aer Lingus chief executive Willie Walsh and his International Airline Group will enhance Ireland’s position as a natural hub to North America and allow it to increase its share of the transatlantic market, which currently stands at 2.5%.