Ireland’s two airlines policy to remain

Victoria
By Victoria April 29, 2013 12:29

Ireland’s two airlines policy to remain

 

Colm Barrington, chairman of Aer Lingus, has stated that the Irish government is unlikely to sell its stake in Aer Lingus until Ryanair is no longer a shareholder.

In an interview with the Irish Independent, Barrington said: “[The Government have] said they will sell the shareholding, but that they’re not going to sell it until they see a secure future for Aer Lingus, so they can preserve the two-airline policy in Ireland.”

Adding: “If Aer Lingus becomes more vulnerable to Ryanair because they (the Government) sold those shares, then they’d say they’re not going to sell them – so that’s what we expect.”

Ryanair near 30% stake in Aer Lingus is deterring potential buyers, says Barrington: “Nobody wants to partner with Ryanair because they’re not partners. They do their own thing. So no-one wants to come into a company where Ryanair is a significant shareholder.”

Victoria
By Victoria April 29, 2013 12:29
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