5th Mar 2015 10:27
LONDON (Alliance News) - Ireland's government expects International Consolidated Airlines Group PLC to make a further offer to convince it to sell its 25% stake in Aer Lingus PLC, Ireland's Deputy Prime Minister Joan Burton said Thursday according to the BBC.
"My understanding is that the parties who are in discussion and (from) the group which is advising the (transport) minister, that he is anticipating that there will be further offers forthcoming from IAG," Burton, who is the leader of the junior coalition Labour Party, told Ireland's Newstalk radio according to the BBC.
IAG, the owner of British Airways and Spanish airlines Iberia and Vueling, made a EUR1.36 billion bid for Aer Lingus in January, but is now trying to get the backing of the Irish government for the deal. It has already pledged to protect the Irish flag carrier's identity and key routes, particularly those between Ireland and Heathrow.
Aer Lingus shares were up 5.2% at EUR2.33 in London Thursday morning, while IAG shares were down 0.7% at 565.42 pence.
http://www.bbc.co.uk/news/world-europe-31744527
By Steve McGrath; [email protected]; @stevemcgrath1
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