IAG agrees Aer Lingus funding deal with Banco Santander

The latest on the proposed Aer Lingus deal

23rd June, 2015

Spain’s Banco Santander has agreed to join other banks in the provision of a €1.4 billion loan to IAG to help it fund its proposed takeover of Aer Lingus.

The aviation giant, which owns British Airways and Iberia, is set to buy Aer Lingus through a new subsidiary company Aer Lingus Holding Limited. The Government will receive €335m for its stake in Aer Lingus but will retain one share in the airline, a...

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