THE IAG buyout of Aer Lingus has received a boost, with the British Irish Chambers of Commerce lending its support.
The Chamber is backing the move following IAG comments on maintaining vital air links within and from Ireland and Britain.
With a weekly trade value of €1 billion, the Chamber was pleased to see the company would be willing to maintain links with Ireland if the buyout goes ahead.
Dublin to London is currently the second busiest air route in the world, with 3.5 million passengers in the year up to August 2014.
According to the Chamber, the busy route between the British and Irish capitals shows the importance of unimpeded access between the two countries, for trade and employment.
“The proposed takeover provides scope to further develop Dublin’s ability to grow as a hub; capitalising on existing strong links to regional airports in the UK,” said John McGrane, the Chamber’s Vice President.
The possible purchase of Aer Lingus by IAG, the operators of British Airways, was proposed last month.
Though several terms of reference have been revealed since the news broke, it has yet to be confirmed.
