Aer Lingus Sale

Dáil Éireann Debate, Tuesday - 30 June 2015

Tuesday, 30 June 2015

Questions (676)

Clare Daly

Question:

676. Deputy Clare Daly asked the Minister for Transport, Tourism and Sport his views on whether he is satisfied with the sale of the State's 25% shareholding in Aer Lingus to the International Airlines Group, in view of the fact that the group is proposing to fund its purchase of the airline with a bridging loan from Santander, Deutsche Bank, Luxembourg and the Bank of America Merrill Lynch. [25902/15]

Written answers

Minister for Transport, Tourism and Sport

I have set out the Government's position in relation to IAG's offer for Aer Lingus on a number of occasions recently in the House.  IAG posted its formal offer document to all shareholders on 19 June 2015 and that contains full details of all aspects of the offer including financial arrangements to facilitate the offer which is a matter for IAG.