Oireachtas Joint and Select Committees
Thursday, 29 January 2015
Joint Oireachtas Committee on Transport and Communications
Proposed Sale of Aer Lingus: Discussion
2:00 pm
Mr. Evan Cullen:
A number of slots will be taken and given to a competitor. For example, when IAG took on British Midland - British Midland does not exist as a brand or anything else now - the regulator said IAG is not getting all of these slots. It forced IAG to sell these slots. The biggest beneficiary of that transaction was Virgin Atlantic. There is nothing now or post this transaction which prevents Aer Lingus management or its board from moving the Heathrow slots to another airport. If Aer Lingus wished, in the morning it could switch Heathrow slots to New York.
No comments