Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Joint Oireachtas Committee on Transport and Communications

Proposed Sale of Aer Lingus: (Resumed) IAG

2:00 pm

Mr. Willie Walsh:

Absolutely, because, as I said, the legislation sets out what should happen, what will and does happen in the case of anybody with a material interest in anything to be discussed. I have been very clear publicly, within the NTMA and anybody who is interested, that I will not participate in any discussion or seek to influence or participate in any discussion within the NTMA or NewERA on this issue. It is dealt with under the legislation and I have followed the guidelines fully. In fact, I have gone well beyond them by declaring well in advance that I was a shareholder and a deferred pensioner. I considered this would not be something which would be classified under the legislation, but I made the declaration to put me in a position where I would not participate in any discussion on Aer Lingus. When I first started with the NTMA, the value of my shareholding in Aer Lingus fell below the €13,000 limit, but I declared it anyway. I have been completely upfront and spoken about this publicly. I do not participate and do not seek in any way to participate in or influence the debate. As I stated, other than respecting the decision of Aer Lingus shareholders on the payment of €190 million to address some of the shortfall in the scheme, we will not do anything other than honour the commitment already made.

On Knock airport, I am not aware of what happened previously in terms of transatlantic services. I am very familiar with the market size that would be required to support scheduled transatlantic services. I understand there are some transatlantic charter flights from Knock-----

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