Shane Ross (Independent)

What would an investor do? He would not know what the Government would do. He would see a split Cabinet and all sorts of special deals for the staff. He would be unclear as to whether he would get 49% or 51%. If it were to be 49%, the Minister can forget about it. He will not get anything like the value he expects. At the moment the shares are trading on the grey market at a level giving the company a valuation of approximately €350 million, which is a pittance. The Minister can be certain there is very little confidence in this one taking off.

What else would an investor consider? He would realise the airline does not have a chief executive and cannot get one because of the Government.