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Ryanair to sell Aer Lingus stake to IAG

Ryanair has just announced that is accepting the £961 million IAG (parent company of British Airways) bid for Aer Lingus. The bid that was already blessed by the Irish authorities was already a precursor for the complete takeover of Aer Lingus and integration into the IAG network. The trans-Atlantic flight routes from Dublin are too hard to resist for Heathrow slot starved IAG. Ryanair owns 29.8% of Aer Lingus and wasn’t really a willing party to sell out the stake. They tried thrice to buy over Aer Lingus but failed in all their bids due to stiff opposition from all ends. I guess no wanted Ryanair to dominate the Irish market leaving them with no other option but to sell out. We may soon see…

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