Oireachtas Joint and Select Committees

Tuesday, 17 February 2015

Joint Oireachtas Committee on Transport and Communications

Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air

5:00 pm

Mr. Sean Brogan:

Deputy Ellis asked how big we want the business to grow. Two years ago a significant investment was made in Stobart Air by its shareholders. At that time, I made it clear that this was about growing the franchise flying platform and that we would see that platform extend outside Aer Lingus to other airlines. That has happened and we have now started to fly with Flybe and CityJet. The IAG proposal would allow us to continue that expansion but to express it. We will continue to grow. Aer Lingus Regional will only grow so far but Stobart Air will continue to grow and will continue to do so in a managed way. To answer the Deputy's question about how big we want the airline to be, we intend to carry through on the commitments made at the time of the investment. The investment was all about a franchise flying platform.

The second question was whether we stand to gain from this transaction and the answer is that we do. We stand to gain passengers and it is all about passengers. Passengers drive growth, passengers drive fleet and fleet drives jobs. Do we gain from a shareholding perspective, in terms of a bonus or anything else? No, we do not but what we do gain from the transaction is passengers.

Comments

No comments

Log in or join to post a public comment.