IAG Makes New Offer For Aer Lingus

The board of Irish flag carrier Aer Lingus is considering a revised takeover bid from British Airways (BA) and Iberia parent company IAG.

The board of Irish flag carrier Aer Lingus is considering a revised takeover bid from British Airways (BA) and Iberia parent company IAG.

The new €1.36bn ($1.5bn) offer, which follows two previous rejected offers, is dependent on the recommendation of Aer Lingus’ board and its major shareholders – Ryanair and the Irish government.

IAG, which through BA, controls 51 per cent of landing slots at Heathrow airport, could see this figure rise to 55 per cent if their acquisition of Aer Lingus is successful.

TAGS: Europe
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