Report values Aer Lingus at €1bn

An expert report has advised the Government to sell a majority stake in Aer Lingus for a possible €750m.

The report, which is being considered by the Ministers for Transport and Finance, values the company at around €1 billion, significantly higher than previous estimates.

It recommends that the Government retains at least 25% of the airline to protect certain interests such as its landing slots at London Heathrow Airport.