Aer Lingus chiefs launch bid to buy out airline

SENIOR management at Aer Lingus last night told the Government they want to make a bid to buy the State airline, which is worth up to €800 million.

Chief executive Willie Walsh, 42, chief financial officer Brian Dunne, 37, and chief operations officer Seamus Kearney, 39, have requested consent from the Department of Transport to allow them to develop "an investment proposal for the company".

It is understood the proposal will be a management buyout if the Government gives its approval. Transport Minister Séamus Brennan confirmed he had received the request and said he would respond after seeking expert advice. He said the Government would be briefed and guidance on the matter would be issued to the Aer Lingus board.