Pensions may unlock Aer Lingus flotation

History has taught us not to expect a direct route from A to B when the privatisation of Aer Lingus is mentioned.

As the airline prepares to start its journey towards a €1 billion stock market flotation, a large obstacle lies at the end of the runway. The obstacle is Taoiseach Bertie Ahern, whose personal opposition has so far stymied efforts to end state control of the airline.

But a detour via the ...