FF: Shannon non-intervention "protects share price"

[White Horse]

Fianna Fáil is reportedly claiming that the Government's refusal to intervene in the Aer Lingus controversy protected the airline's share price.

Reports this morning say the claim is being made in a private briefing document circulated to Fianna Fáil TDs and councillors in the west of the country.

The document also reportedly plays down the impact of Aer Lingus scrapping its Shannon-to-Heathrow service, saying the route has been in decline for the last three years.

The Clare-based Fianna Fáil TD Timmy Dooley is quoted describing the claims as "disingenuous spin" and saying some of the figures do not stand up to scrutiny.

The alliance of business and tourism groups opposed to the Aer Lingus decision also says the document shows the Minister for Transport is out of touch with the Shannon region. Breaking News http://www.breakingnews.ie/ireland/mhcweygbsney/

In a damning admission of the prioities of this government, a briefing document for government TD's is reported to state that the decision not to intervene was made to protect the share price of a private company.

The national interest in now subordinate to the wealth of corporate investors.

[meriwether]

The state cant intervene in the commercial interests of a public company, and thats the end of it.
The statement is factually correct. The only bit of sport we can get is that this will drive Timmy, Willie et al apopoleptic.

Im looking forward to te vote in the Dail. Lets see if Timmy and Willie have the cojones after all.

[QuizMaster]

Ok, so they aren't allowed to intervene, maybe.

But they are actively taking pride in having helped a private company make profits.

wtf?

[freedomlover]

Fianna Fáil is reportedly claiming that the Government's refusal to intervene in the Aer Lingus controversy protected the airline's share price.

Reports this morning say the claim is being made in a private briefing document circulated to Fianna Fáil TDs and councillors in the west of the country.

The document also reportedly plays down the impact of Aer Lingus scrapping its Shannon-to-Heathrow service, saying the route has been in decline for the last three years.

The Clare-based Fianna Fáil TD Timmy Dooley is quoted describing the claims as "disingenuous spin" and saying some of the figures do not stand up to scrutiny.

The alliance of business and tourism groups opposed to the Aer Lingus decision also says the document shows the Minister for Transport is out of touch with the Shannon region. Breaking News http://www.breakingnews.ie/ireland/mhcweygbsney/

In a damning admission of the prioities of this government, a briefing document for government TD's is reported to state that the decision not to intervene was made to protect the share price of a private company.

The national interest in now subordinate to the wealth of corporate investors.

Its exactly correct. I posted along similar lines several times last week before the controversy fizzled out. If Aer Lingus is seen to have its commercial decisions overturned by politicians, its shares will soon become worthless and it will be unable to attract funds for much-needed investment. The only duty of Aer Lingus management is to make as high a profit as possible, 25 per cent of which will accrue to us the taxapayers

[White Horse]

Its exactly correct. I posted along similar lines several times last week before the controversy fizzled out. If Aer Lingus is seen to have its commercial decisions overturned by politicians, its shares will soon become worthless and it will be unable to attract funds for much-needed investment. The only duty of Aer Lingus management is to make as high a profit as possible, 25 per cent of which will accrue to us the taxapayers

That may be the duty of the Aer Lingus management. What about the government though? Are they not defining their responsibilities very narrowly?

[Limerick Lad]

Its exactly correct. I posted along similar lines several times last week before the controversy fizzled out. If Aer Lingus is seen to have its commercial decisions overturned by politicians, its shares will soon become worthless and it will be unable to attract funds for much-needed investment. The only duty of Aer Lingus management is to make as high a profit as possible, 25 per cent of which will accrue to us the taxapayers

If what you say is true, what's the point in holding on to the shareholding in the supposed "national interest", dividends from Aer Lingus will be miniscule if any while they replace their fleet, so where's the shareholder value for the taxpayer.

[Rebel CNC]

But they are actively taking pride in having helped a private company make profits.

wtf?

A private Company make profits???? Disgraceful! A law should be passed immediately preventing any company making money.

[meriwether]

But they are actively taking pride in having helped a private company make profits.

wtf?

A private Company make profits???? Disgraceful! A law should be passed immediately preventing any company making money.

I think his point might be that FF seem to be taking credit for it.

[saratoga]

Ok, so they aren't allowed to intervene, maybe.

But they are actively taking pride in having helped a private company make profits.

wtf?

Why shouldn't they be proud of that?

[meriwether]

Ok, so they aren't allowed to intervene, maybe.

But they are actively taking pride in having helped a private company make profits.

wtf?

Why shouldn't they be proud of that?

So they cant intervene, yet they help them make profits?