The sale of Aer Lingus

The 2nd IAG bid for Aer Lingus is better than its first bid for the airline. There are concerns in Ireland about the sale of Aer Lingus and I do share some of these concerns. In the present context I believe the 2nd bid is better for the airline, Ireland and the workers themselves.
The new bid protects jobs and flights between Irish airports like Cork with the rest of the world. Existing winter and summer daily flights from Cork, Shannon and Dublin are maintained for 7 years. Cork has many multinational companies providing jobs and wealth for the region. The airport in Cork is important for the economic development in the region. IAG will also expand Aer Lingus. The Heathrow slots are also protected indefinitely and employee rights are protected. The Minister for Finance now has the power to block any change to the name, brand and the headquarters of Aer Lingus. This power that the Minister for Finance will have no time limits.
In the past Fianna Fail had developed Aer Lingus as a national airline. But in 2006 Fianna Fail sold most of the shares in Aer Lingus. Ryanair has around 29% of the shares while the government has only 25%. This minority share holding cannot stop other owners in Aer Lingus from doing what they want to do. In the present context where Fianna Fail has already sold the majority of the shares this 2nd bid is the best that can be achieved for the airline, the jobs of the workers and the airports of Ireland.
John O Brien.


Author: irishfabian

This blog expresses my views about the world. I am a member of the Irish Labour Party in Cork East.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s