Aer Lingus shuns quick sale of state stake

Author (Person)
Series Title
Series Details 1.9.11
Publication Date 01/09/2011
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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.

Related Links
ESO: Background information: Fears for Ireland’s fragile recovery
ESO: Background information: Block on Ryanair takeover bid upheld
The Irish Times, 8.9.11: Cabinet to discuss asset sale

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