Thursday February 20, 2020

Aer Lingus bid: Cash offer will tempt Aer Lingus shareholders

The chief executive of Ryanair has claimed that Aer Lingus has no long-term independent future, but if he succeeds in buying it, he'll be acquiring a company on the turn.

23rd June, 2012

Michael O'Leary, the chief executive of Ryanair, has claimed that Aer Lingus has no long-term independent future, but if he succeeds in buying the former state airline, he'll be acquiring a company on the turn.

As the Aer Lingus board pointed out in its rejection of Ryanair's €1.30 per share offer last Wednesday, chief executive Christoph Mueller has helped to improve the operating performance by €130 million since taking over in 2009.

The company's latest trading...

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