Government urged to block Ryanair -Aer Lingus bid

0
6

The government is being urged to use its shareholding in Aer Lingus to block a bid by Ryanair to take over the airline.

Ryanair yesterday announced its making a cash offer to buy Aer Lingus for just under 650 million euro.

The budget airline, which already owns 29.8 per cent of Aer Lingus, says it’s confident the European Commission would approve the deal.

But Fianna Fail said last night the government should use its 25 per cent stake in Aer Lingus to block Ryanair’s take-over bid.

The party said a takeover by Ryanair would be bad for competition and would see air fares rise.

The government is expected to respond to the development in the Dáil today.