Dáil Éireann Debate, Wednesday - 15 May 2013
29. Deputy Martin Ferris asked the Minister for Transport, Tourism and Sport if he will provide an update on his plans to sell off State assets under his control including the public stake in Aer Lingus. [22894/13]
View answerThe Deputy's question relates to the sale of State assets. The State's 25.1% shareholding in Aer Lingus is the only asset within my remit identified for possible sale under the State Assets Disposal Programme. The Government's decision in February 2012 was to seek to sell the shareholding when market conditions are favourable and on terms and at a price that are acceptable to Government. The Government continues to seek opportunities to dispose of the shareholding. However, the correct circumstances have not arisen to date.
In the meantime the Government will continue to manage its shareholding in a responsible manner to protect the State's interests and with the aim of maximising the value of the shareholding. I have no plans to dispose of any other State assets at this time.
