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.

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