Wednesday June 3, 2020

€4m windfall for Walsh from share sale

IAG boss ‘meeting obligation to ex-wife’

Ian Guider

Markets Editor

19th May, 2019
Willie Walsh: ‘It’s not something I want to do, but it’s something I have to do’ Picture: Bloomberg

Airline chief Willie Walsh has raised almost €4 million from the sale of some of his stake in the Aer Lingus and British Airways owner IAG.

Walsh sold 700,000 shares in IAG in three tranches in the past ten days, at prices between £5.03 and £5.05 per share, raising £3.5 million (€3.9 million) from the sale.

The former Aer Lingus chief executive told analysts on a conference call this month that the share sale was not...

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