Aer Lingus Entertains IAG Offer | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Wed, Jan 28, 2015

Aer Lingus Entertains IAG Offer

Has Given British Airways Owner Permission To Conduct 'Due Diligence'

The owner of British Airways has made an offer of about $2.88 per share to acquire Aer Lingus ... and the low-cost carrier says it is "willing" to accept the bid from IAG.

Buying Business Travel reports that, according to the Irish carrier, the bid is "subject to certain pre-conditions", but it has granted IAG a "limited period of confirmatory due dilligence."

IAG said if it acquires the Irish airline, it plans to continue to operate Aer Lingus as a separate business with a unique brand and its own management and operations. Two previous offers from IAG have been rejected by the board of Aer Lingus.

Buying Business Travel reports that one of the most valuable assets Aer Lingus brings to the table are slots at Heathrow Airport ... British Airway's main base. Aer Lingus is the third largest carrier at the airport.

There was no deadline reported for the completion of the deal.

(Image from file)

FMI: www.iairgroup.com, www.aerlingus.com

Advertisement

More News

ANN's Daily Aero-Linx (05.04.24)

Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]

NTSB Final Report: Quest Aircraft Co Inc Kodiak 100

'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]

Aero-News: Quote of the Day (05.04.24)

"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Read/Watch/Listen... ANN Does It All

There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC