Friday, July 07, 2006

Aer Lingus Moving Toward Public Float.

Ireland’s national airline, Aer Lingus is being considered by the Irish government for flotation. The Irish Transport Minister, Martin Cullen believes that, in order that the government can block any potential foreign takeover in the future, that Ireland should retain more over 20% of the shares.

In the Dail, Ireland’s parliament, a debate is taking place with regard to the exact number of shares to be offered to the Irish and United Kingdom exchanges.

I, for one, hope Martin Cullen’s points are given serious consideration. How ridiculous it would be for Ireland’s national airline to be taken over by another country. Would it happen to British Airways?

What is your view?

AnneMarie
Ireland - Callan

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