Ireland Accepts IAG Bid for Aer Lingus

The Irish government has accepted a cash offer from British Airways parent International Consolidated Airlines Group for its 25-percent stake in Aer Lingus, IAG announced Tuesday. However, the €1.4 billion offer remains subject to acceptance by 29.8-percent shareholder Ryanair, which has yet to indicate whether or not it will block the deal. In a nod to conditions placed on the sale by the government, IAG said it has agreed that Aer Lingus would retain all its existing slots at London Heathrow… (www.ainonline.com) Ещё...