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
Michael McNamara (Clare, Labour) | Oireachtas source
I do not wish to take away from Mr. Kavanagh’s happy announcement. He told us he would receive share options, which is standard in the airline business. I congratulate him on that. He is to receive share options that are only triggered by performance at some point in the future but if this deal goes through there will be no Aer Lingus shares traded in the future because it will be taken over by IAG. How will that work? Mr. Kavanagh has explained how he accumulated shares already. That is irrelevant.
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