Clock starts ticking on Aer Lingus takeover

Aer Lingus shareholders effectively have 60 days as of yesterday to accept the airline’s proposed sale to British Airways owner IAG before a deal lapses.

However, reports surfaced yesterday that IAG is unlikely to get the green light for its plans, from the EU without offering concessions, which it is understood to be considering.

It met with the European Commission this week, an event seen by some as meaning that the EC is concerned about effects on industry competition should IAG buy Aer Lingus.