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

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

We are looking after the taxpayers’ interests, namely, the 25.1% shareholding in the airline, as well as national and regional strategic interests. What was the basis for the €2.55 share price? When one looks at the market value of the assets, it strikes me as higher than the €1.36 billion price offer.

What are Aer Lingus’s plans for its Heathrow and transatlantic routes from Shannon Airport? Mr. Kavanagh spoke about the importance of the Heathrow Airport slots. Is it possible that under competition law IAG would be required to divest itself of some of its slots at Dublin Airport, with the overall result that Aer Lingus would lose some slots in this deal? What plans does Stobart Air have for Shannon Airport?

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