Arab Today, arab today ryanair open to offer for aer lingus stake
Last Updated : GMT 04:23:18
Arab Today, arab today
Arab Today, arab today

Ryanair open to offer for Aer Lingus stake

Arab Today, arab today

Arab Today, arab today Ryanair open to offer for Aer Lingus stake

Airline Ryanair
Dublin - AFP

Ryanair said Tuesday it will consider any offer for its stake in Aer Lingus, which is currently being pursued for a takeover by British Airways owner IAG.
London-listed International Airlines Group is drumming up support for its 1.35-billion-euro ($1.51-billion) bid for Aer Lingus but needs the support of Ryanair, which holds almost 30 percent of the former Irish national carrier.
IAG is also looking to convince the Irish government to sell its 25.1 percent stake, with Dublin stating it needs further commitments on connectivity and employment.
Ryanair chief executive Michael O'Leary said Tuesday that the group had not been approached directly by IAG about selling its stake -- but indicated it was open to an offer.
"We've always said the stake is for sale. What would comprise an offer that's acceptable to the board of Ryanair, I can't comment on," O'Leary told reporters at a press conference in London.
"Our position is: our stake is available for sale, if someone comes up with the right offer that the board considers to be acceptable."
Back in January, the Aer Lingus board said it was "willing to recommend" a takeover approach worth 2.55 euros per share -- subject to certain conditions.
O'Leary added Tuesday that Ryanair would also be seeking assurances over IAG's future plans for Aer Lingus -- particularly on the issue of competition.
Ryanair had previously made three separate bids for Irish rival Aer Lingus, all of which failed on competition grounds.
"One of the big areas of discussion between ourselves and IAG will be what kind of competition remedies will IAG have to offer up to the European Commission in order to allow a takeover to take place," said O'Leary.
The outspoken CEO was in London to launch the next phase of Ryanair's customer service improvement programme.
"If they (IAG) can persuade the Irish government to accept their offer then I think the next logical step is they'll come and talk to us," he added.
"If they can't persuade the Irish government or can't get the Irish government to make a decision — which is a likely outcome — I think they will still then have the option of coming to talk to us."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ryanair open to offer for aer lingus stake Arab Today, arab today ryanair open to offer for aer lingus stake

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday