Saturday July 11, 2020

Coalition caught between a rock and a hard place

IAG’s takeover bid for Aer Lingus is turning into a battle between politics and economics. Politics will win

1st February, 2015
2
Ian Kehoe

Michael O’Leary was one thing. The government could easily swat away Ryanair’s pugnacious attempts to acquire Aer Lingus, citing competition grievances and anti-trust concerns.

Willie Walsh, however, is a different proposition. His IAG group has carefully crafted a bid for the Irish carrier that it believes will both appease regulators and tickle institutional shareholders. Most aviation analysts I have spoken to in recent days believe that the IAG bid has both...

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