26th May 2015 10:34
LONDON (Alliance News) - The Irish government may approve the sale of Aer Lingus Group PLC as early as Tuesday after it advisers recommended it should accept the EUR1.3 billion takeover offer for the Irish flag carrier from British Airways owner International Consolidated Airlines Group, the Financial Times reports.
The cabinet is set to study the recommendation at its weekly meeting on Tuesday, according to Prime Minister Enda Kenny. Sources close to the matter said the government believes it has won significant concessions from IAG on the future of Aer Lingus' take-off and landing slots at Heathrow, a key stumbling block standing in the way of the deal.
The advisers are understood to have told the Irish government that IAG's takeover bid is fair, though even if the government approves the deal Tuesday, it will still face a parliamentary vote, amid fierce opposition to the deal from opposition political parties.
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By Sam Unsted; [email protected]; @SamUAtAlliance
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