Ryanair rules out Aer Lingus bid
Ryanair, the low-cost airline, has ruled out bidding for the Irish government's 25% stake in Irish airline Aer Lingus.
Ryanair currently owns a 29.8% stake in Aer Lingus and has made two failed attempts to increase its share to a majority ownership since 2006.
The budget airline was denied the takeover by the Irish government and European competition authorities on competition grounds.
Leo Varadkar, Ireland's transport minister, said the Irish state was considering selling its 25% shareholding in Aer Lingus, as it moves to reduce its debt pile.
Varadkar said he would not accept an offer for the stake – which is worth around £78m – from Ryanair.
A Ryanair statement said: "If the Irish government wishes to dispose of its 25% stake in Aer Lingus, and if the government believes any offer from Ryanair for this stake would be unwelcome, then Ryanair is happy to confirm that it will not bid for the government's 25% stake."
Ryanair added that it would welcome another "financially strong" airline or investor to acquire the 25% holding, and "would not rule out" entering into discussions to sell its own stake in Aer Lingus.
In July, Ryanair said it was planning its first "green" marketing campaign to highlight its credentials as a "low emissions" carrier.
This article was first published on marketingmagazine.co.uk
- Senior Account Director Purple Consultancy £55000 - £65000 per annum, London
- Senior Account Manager Purple Consultancy £34000 - £40000 per annum, London
- Senior Account Manager Purple Consultancy £38000 - £45000 per annum, London
- Forward Thinking Senior Digital Project/ Account Manager Purple Consultancy £38000 - £45000 per annum, London
- Account Director Purple Consultancy £45000 - £52000 per annum, London
- Blippar connects disjointed families, says MEC executive
- Fans take on Jo-Wilfried Tsonga in Twitter-powered tennis game
- Nature Valley awards integrated business to start-up
- LMFM challenges bakers to be Brave on World Baking Day
- Samsung strikes placement deal with The Wanted
- Jaguar readies global campaign for F-Type launch
30 Seconds to Mars stratospheric rise on social media
In the week that it was shown that users only visited the planet Google+ for less than 7 minutes a month it’s interesting to look at how a contemporary rock artist brand goes about using social media in their marketing and the different levels of interest on different platforms.