Clare Daly (Dublin North, Socialist Party)
Link to this: Individually | In context

Question 66: To ask the Minister for Transport, Tourism and Sport his plans regarding the minority stake the State still holds in Aer Lingus. [1538/12]

Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context

The Government has considered the various options open to it in terms of generating revenue from the sale of state assets – including the recommendations of the State Assets Review Group (McCarthy Report). That Report had recommended that the Government dispose of the State's shareholding in Aer Lingus "as soon as is opportune" but no decision has yet been taken by the Government on the future of its shareholding.

Subsequently, a group was established led by the Department of Public Expenditure & Reform and including my Department, other relevant Departments and the NTMA, to consider possibilities in this regard and advise the Government in relation to the appropriate valuations to be placed on the assets in question, and on the most appropriate method of disposal, likely timeframe and economic impact of any such disposals. The State's shareholding in Aer Lingus is one of the State Assets that is being considered as part of this process.

Question No. 67 answered with Question No. 37.