Uncertainty clouds Aer Lingus future
Last Friday, transport minister Martin Cullen announced that AIB Capital Markets and UBS Securities had been appointed to advise the government on the sale of part of its stake in Aer Lingus and to “execute the transaction".
Tomorrow,Dermot Mannion takes over as chief executive of the airline. However, it would be simplistic to believe that Mannion faces a straightforward job of straightening out the airline before it floats on the stock market.
The reality is that the airline's future is now clouded by uncertainty and, while advisers have been appointed, a move onto the market is by no means certain. Aer Lingus's profitability is under pressure and the signs are that...
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