Cabinet clears IAG bid for Aer Lingus

The Government has given the green light for its sale in Aer Lingus, paving the way for what it claims will be extra jobs for the airline, guarantees on the protection of slots and more services for passengers.

But there were concerns raised last night the sale to airline giant IAG would result in job losses starting from next year, and that it would hand the Coalition a €335m pre-election slush fund.

Transport Minister Paschal Donohoe outlined the Government support for the €1.36bn deal last night, following Cabinet agreement-which will see the State offload its 25% shares in Aer Lingus. The deal includes: