AER LINGUS is to be floated on the Dublin and London stock exchanges
probably in September.
This follows a motion passed in the Irish
parliament, the Dail, last week transport minister Martin Cullen
noting that the government would retain at least a 25.1% stake "to
protect the nation's strategic interests."
The airline remains one of
the few national carriers operating at a profit, a legacy from the
leadership of Willie Walsh, now BA CEO. Current chief is former
Emirates executive Dermot Mannion who is known to be keen on the
privatisation prospect and with it the possibilities of expanding the
airline”s long haul. The unions and opposition parties are against
the scheme for different reasons.
The unions are after job protection
whilst a mixed bag of politicos has found grounds to oppose the plans,
one group saying the price is too cheap, whilst another concerned over
a possible foreign take-over.
http://www.aerlingus.com