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
- Affiliates Executive - No. 1 Agency! GoodEgg Digital Circa £25k + Exceptional Benefits, Central London
- Digital Display Manager - Leading Agency GoodEgg Digital £Neg + Great Benefits, South East England / London (Central), London (Greater)
- Senior Marketing Director - 9-12 month FTC Comedy Central £competitive, Camden, London (Greater)
- Senior Account Executive - Integrated Marketing Stonor £22,000- £27,000, Berkshire / Buckinghamshire / Hampshire / Surrey / London (South), London (Greater)
- Product Manager - Global Automotive Giant - Berkshire Ninesharp £40000 - £50000 per annum + Great Benefits and Brand Car, Slough
- Philips launches campaign for app-controlled lightbulbs
- Sorrell warns of Scotland becoming an 'outlier' and the UK 'diminished' by a Yes vote
- Publicis boss Maurice Lévy to step down in 2017 amid board shake-up
- Sometimes collaboration, not innovation, can be the key to winning campaigns
- Virgin Trains spends £8 million on advertising to refocus on its brand
- WPP challenges Govt review