Government deserves credit for IAG deal

The government is to be applauded for giving its approval to the proposed €1.4 billion takeover of Aer Lingus, Ireland’s national airline, by IAG. It has set aside political expediency and the potential of electoral losses in certain pockets of Dubli

31st May, 2015

The government has driven a hard bargain, and has secured commitments and compromises from IAG that few would have imagined possible when the British Airways owners first started the process in December last. If anything, the success of the government in negotiating guarantees over the Heathrow slots shows the importance of the government retaining its minority holding when the airline was floated on the stock market in 2006. The government has long maintained that it...

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