Aer Lingus buyout - Public don’t want another Eircom fiasco

Senior managers at Aer Lingus have asked the Department of Transportation for permission to develop investment proposals with a view to a management buyout. It is believed that the Government is likely to look favourably on such proposals.

The public has already been stung by the handling of the privatisation of Eircom. State assets were sold in a manner that afforded enormous profits for a few people.

A great many citizens were encouraged to invest in the project out of a sense patriotism, but they were then disgracefully treated and this has done enormous damage to public confidence.