Thursday October 22, 2020

Clouds begin to clear in Aer Lingus-Ryanair battle

Entrepreneur Denis O’Brien makes for an unlikely white knight for Ireland Inc.

21st October, 2006

As a tax exile, O’Brien landed more than €250 million in a windfall from securing the country’s second mobile phone licence with Esat, only to head to Portugal in order to avoid a €60 million capital gains tax bill in Ireland.

He’s on rather shaky ground as a champion of competition in Ireland and friend of the trade unions. But as far-fetched as the script may sound, the Aer Lingus Ryanair...

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