Yes
No
Minister Varadkar interviewed on Newstalk this morning & said some changes to the structure of semi states due in the October but not agreed by cabinet yet.
He was more blunt about Aer Lingus saying the 25% stake would likely be sold as after review he didn't see it as strategic anymore.
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I wonder will they sell to Ryanair. Did he give any indication of value?
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. - Mark Twain
I'm ok with this
Non serviam
No indication where or how it would be sold.
Seemed to be hinting about other aviation changes but because of the DAAs debt any sale would mean just mean paying off some of their debt so not as clear cut.
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Well, based on the market cap. of Aer Lingus of €339m today, the state's stake of 25% is worth €85m.Originally Posted by statsman
Yes - but the European Commission isnt.
Aer Lingus - International Airlines Group(BA/Iberia)?
Oh dear.
Don't think they can - the European Commission has already blocked Ryanair owning Aer Lingus on competition grounds.
"Elite - a small superior group; esp one that has a power out of proportion to its size." (Oxford English Dictionary)
The majority cannot therefore be the elite.
Indeed. It can't be sold to ryanair. Additionally, they can build into the condition of sale certain provisions relating to retaining certain routes etc, one would have thought. I don't have a problem.
Getting rid of the DAA, ie privatizing it, would be far more important, perhaps retaining some minority shareholding.
"......... we must sometimes listen to those who, consumed with zeal, have scant judgment or balance. To such ones the modern world is nothing but betrayal and ruin.........We feel bound to disagree with these prophets of doom who are forever forecasting calamity -- as though the world's end were imminent."
Hardly worth the fees attached to the sale, is it?
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. - Mark Twain
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