O’Leary: State could sell its Aer Lingus stake to Ryanair

Ryanair boss Michael O’Leary said he has been approached by companies interested in buying the State’s 25% share in Aer Lingus.

He said he believes Ryanair might end up purchasing the State’s holding.

The low-cost airline has a 29.8% stake in the national airline but was refused permission to take it over in 2007 because it would have given it a near monopoly on flights out of the country.