Coalition caught between a rock and a hard place

Coalition caught between a rock and a hard place
Ian Kehoe

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

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 financial and...

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