Belfast Telegraph

Aer Lingus backs takeover deal

A 1.3 billion euro takeover of Aer Lingus by the owner of British Airways has moved a step closer after the Dublin-based carrier gave its backing to a deal.

The Aer Lingus board said it was prepared to accept a sweetened offer worth 2.55 euro a share from International Airlines Group (IAG), although progress now hinges on major shareholders Ryanair and the Irish Government.

IAG, which owns Spanish carrier Iberia, said it plans to operate Aer Lingus as a separate business with its own brand, management and operations.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph