Aer Lingus may float within two years

The Minister for Transport, Seamus Brennan, is reportedly to support a proposal from the board of Aer Lingus that could see the company float on the stock market within 18 months to two years.

A report in the Irish Times today says that the Minister is expected to bring the plan to Cabinet shortly. The plan proposes that a significant stake in the airline be sold to institutional investors in the near future, with a stock market flotation following within 18 months.