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Aer Lingus Board Recommends Acceptance Of Takeover Offer

The Board of Aer Lingus has recommend shareholders accept a €1.3 billion takeover offer from IAG.

The potential deal will be discussed by Ministers at Cabinet this morning, and Transport Minister Paschal Donohue says maintaining employment and connectivity is of the utmost importance.

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There have been concerns in this region that any sale could damage the local economy, in the event that the new owners move Heathrow landing slots away from Shannon.

Meanwhile, trade unions say up to 1,200 jobs could be put at risk if any sale goes through, and are calling on the government to seek guarantees this won’t occur.

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