Confusion surrounding valuation of Aer Lingus

Aer Lingus could be valued at anything from €500 million to €1 billion, with the wild variation in the valuation reflecting the recent uncertainty surrounding the national airline's future.

The valuation makes it impossible to forecast how much money the state will receive when it sells a majority stake in the company, according to aviation analysts.

Companies floating on the stock market are valued according to a number of criteria, including how the ...