THE IRISH Government will officially accept the IAG offer on its share in Aer Lingus, the Minister for Transport has confirmed.
The news comes as Aer Lingus shareholders this morning officially cleared the way for the €1.4billion buyout at their EGM, while the European Commission gave the purchase the green light earlier in the week.
Minister for Transport, Tourism and Sport Paschal Donohoe said that British Airways carrier International Airlines Group (IAG) has set out ambitious growth plans for the company.
He also said he is excited at the prospects that this deal offers for Aer Lingus.
Last week, the Ryanair board unanimously voted in favour of selling the airline’s stake in Aer Lingus – meaning that if this second buyout is approved, IAG will own more than half of the shares in Aer Lingus at 54.9 per cent.