Written answers

Tuesday, 30 June 2015

Department of Transport, Tourism and Sport

Aer Lingus Sale

Photo of Clare DalyClare Daly (Dublin North, United Left)
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676. To ask the Minister for Transport, Tourism and Sport his views regarding whether he is satisfied with the sale of the State's 25% shareholding in Aer Lingus to the International Airlines Group, in view of the fact that the group is proposing to fund its purchase of the airline with a bridging loan from Santander, Deutsche Bank, Luxembourg and the Bank of America Merrill Lynch. [25902/15]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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​I have set out the Government's position in relation to IAG's offer for Aer Lingus on a number of occasions recently in the House.  IAG posted its formal offer document to all shareholders on 19 June 2015 and that contains full details of all aspects of the offer including financial arrangements to facilitate the offer which is a matter for IAG.

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