Ryanair rules out Aer Lingus bid

Ryanair: confirms it is not to bid for Irish government's stake in Aer Lingus
Ryanair: confirms it is not to bid for Irish government's stake in Aer Lingus

Ryanair, the low-cost airline, has ruled out bidding for the Irish government's 25% stake in Irish airline Aer Lingus.

Ryanair currently owns a 29.8% stake in Aer Lingus and has made two failed attempts to increase its share to a majority ownership since 2006.

The budget airline was denied the takeover by the Irish government and European competition authorities on competition grounds.

Leo Varadkar, Ireland's transport minister, said the Irish state was considering selling its 25% shareholding in Aer Lingus, as it moves to reduce its debt pile.

Varadkar said he would not accept an offer for the stake – which is worth around £78m – from Ryanair.

A Ryanair statement said: "If the Irish government wishes to dispose of its 25% stake in Aer Lingus, and if the government believes any offer from Ryanair for this stake would be unwelcome, then Ryanair is happy to confirm that it will not bid for the government's 25% stake."

Ryanair added that it would welcome another "financially strong" airline or investor to acquire the 25% holding, and "would not rule out" entering into discussions to sell its own stake in Aer Lingus.

In July, Ryanair said it was planning its first "green" marketing campaign to highlight its credentials as a "low emissions" carrier.

Discussion

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Brand Republic Jobs

subscribe now

Latest

Leaked document shows Nokia to be rebranded as Microsoft Mobile
Nike lays-off hardware staff in move that casts doubt on future of FuelBand
Greenpeace says save the bees or humans will die
What brands need to know about changes to VAT and online downloads in 2015
Jimmy Savile victims urged to claim compensation in new ad campaign
UKIP launches biggest  ad campaign and stirs up 'racist' accusations
Apple boss Tim Cook provides voiceover on ad touting firm's renewed green commitments
John Lewis walks consumers through its history to celebrate 150 years of business
Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up
Hottest virals: Cute puppies star in Pedigree ad, plus Idris Elba and Fruyo
Amnesty International burns candles to illuminate new hope
Toyota achieves the impossible by calming angry Roman drivers
Tom of Finland's 'homoerotic' drawings made into stamps
YouTube reveals user habits to appeal to 'older' marketers
Ex-M&S marketing chief Steven Sharp consulting at WPP
Wolff Olins reveals new CEO after Apple poaches Karl Heiselman
Glasgow offers £30,000 prize to best digital idea for 2014 Commonwealth Games
Google's revenues surge but shares drop as it grapples with transition to mobile
Facebook beats Twitter to most 'marketing friendly' social media site crown, says DMA
Fableists believe children like Finn should be outdoors enjoying life
Homebase, Baileys and Camelot join the line-up at Media360
MasterCard renews Rugby World Cup sponsorship to push cashless message
Lynx unleashes £9m 'Peace invasion' campaign
Social Brands 100 Youth: Pizza Hut most social youth brand in UK
Cheryl Cole is wild and arresting in new L'Oreal work
Morrisons told not to show alcohol ads during YouTube nursery rhymes
O2 head of brand Shadi Halliwell departs after 23 years at company in restructure
Tesco hit by further sales decline as it turns to digital Clubcard and social network
Branding guru Wally Olins dies aged 83
Duracell short film captures epic Transatlantic voyage