IAG ready to improve on its Aer Lingus commitments to Dublin

IAG would be willing to consider improving its commitments to Ireland in order to clinch Dublin’s approval for its £1.36bn bid for its smaller rival Aer Lingus, according to reports.

Among other commitments made so far, IAG has already indicated that it will not sell Aer Lingus’s slot pairs at Heathrow nor drop that carrier’s brand.

That comes after a person familiar with the matter on Monday told Bloomberg that Dublin is preparing to reject IAG’s offer to acquire its 25% stake in Aer Lingus.

As of 14:51 shares in IAG were advancing by 0.47% to 539p while Aer Lingus was trading little changed at €2.12, with its stock up by only 0.38% on the day.