High price is pie in the sky for Aer Lingus

It is becoming clear that the government won't get anywhere near what it once wanted for its Aer Lingus stake, writes Fearghal O'Connor.

26th February, 2012
High price is pie in the sky for Aer Lingus
Leo Varadkar said last autumn that the government would not sell its Aer Lingus stake for less than €1 a share. Photo: Tony O'Shea

There is one thing for certain when it comes to the price that the government can achieve for its Aer Lingus stake - it will be nowhere the €2.20 mark the company floated at in 2006.

Minister for Transport Leo Varadkar said last September that the government would not sell for less than €1. At the time, the airline's share price was close to 60c. It now stands above 90c.

Successive governments saw Aer Lingus as...

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