Dáil debates

Wednesday, 11 October 2006

10:30 am

Photo of Brian CowenBrian Cowen (Minister, Department of Finance; Laois-Offaly, Fianna Fail)

I listened in silence to what Opposition Members had to say because it would have shown up the obvious disagreement between the Fine Gael and Labour parties on the issue.

The Government is in favour of a strong and independent Aer Lingus. Access to private equity, which has been provided for now, enables the company to proceed with a strategic plan. Ryanair has made a proposal on what it wishes to do. It must acquire the shareholding in the first instance and has not done so. I understand it holds about 15% of shares as matters stand, which is a long way from——

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