Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I want to address each of the principles contained in the Dáil resolution. The first provides that the Minister for Finance may dispose of all but one part of the remaining minority shareholding in Aer Lingus under the offer or any renewed or revised offer made by IAG on the same or improved terms. This is to facilitate the retention of one share which would be redesignated as a B share in Aer Lingus, as detailed in the announcement. The rights attached to this B share would be enshrined in the Aer Lingus articles and allow the Minister for Finance, in consultation with the Minister for Transport, Tourism and Sport, to object to any proposed disposal of Heathrow Airport slots, any proposed cessation of the operation of Aer Lingus Heathrow Airport slots on certain Irish routes for a specified future period and any proposed change of the Aer Lingus company name, brand, head office location or place of incorporation outside Ireland.

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