Aer Lingus shuns quick sale of state stake

Aer Lingus, the Irish flag carrier, said on the 31 August 2011 that it has ruled out a quick sale of the Irish government’s one-quarter stake in the airline despite European Union pressure for a deal to ease the heavily-indebted nation’s finances.

An Irish government report in June 2011 recommended selling the national airline along with ports and power stations as part of plans to raise €5bn to repair Ireland’s accounts.

ESO: Background information: Fears for Ireland’s fragile recovery http://www.europeansources.info/record/fears-for-irelands-fragile-recovery/

ESO: Background information: Block on Ryanair takeover bid upheld http://www.europeansources.info/record/block-on-ryanair-takeover-bid-upheld/

The Irish Times, 8.9.11: Cabinet to discuss asset sale http://www.irishtimes.com/newspaper/breaking/2011/0908/breaking3.html

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