As Aer Lingus is in an 'offer period' under the Irish Takeover Rules, I am constrained in what I can say publicly on the matter, as these rules apply to significant shareholders in some regards as well as offerors and offeree companies during an offer period.
I briefed the Cabinet last week on the latest position in relation to the IAG proposal to make an offer for Aer Lingus and subsequently made a detailed statement clarifying the Government’s position on the matter. On 4 March the Government’s Inter Departmental Steering Group held a further meeting with representatives from International Consolidated Airlines Group (IAG), at their request.
In line with stated policy, the Government remains open to considering any improved proposal.