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.
Aer Lingus Group
€2.53
16:34 16/09/15
1.86%
€0.05
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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.