Olivia Mitchell (Dublin South, Fine Gael)
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Question 347: To ask the Minister for Transport his views on calls by the Aer Lingus unions for an increase in their shareholding in the airline in the event of private investment into the company; and if he will make a statement on the matter. [11662/05]

Martin Cullen (Waterford, Fianna Fail)
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Following the allocation of employee share ownership, or ESOP, shares last August, the staff currently hold 14.9% of the company. In accordance with the terms of the ESOP agreement and in line with Government policy, for so long as the State holds any shares in Aer Lingus, the maximum shareholding which the ESOT and staff can hold is 14.9% of the entire issued share capital of the company. There are no proposals to change that agreement.