Dáil Éireann Debate, Tuesday - 3 July 2012
727 Deputy Bernard J. Durkan asked the Minister for Transport, Tourism and Sport the extent to which he has had any discussions with the various stakeholders in the context of the possible takeover of Aer Lingus by other interest parties or groups; if he has been apprised of the interest of all such parties; and if he will make a statement on the matter. [32394/12]
Amharc ar fhreagraThis question relates to the proposed offer by Ryanair for the entire share capital of Aer Lingus.
As the State is a shareholder in Aer Lingus, I am constrained by the Irish takeover Panel Rules and other requirements in what I can say in relation to the proposed takeover.
However, in considering the formal offer, when it is made, the Government will take account of four factors:
1. The views of the regulatory authorities in relation to any bid;
2. What is best for passengers in terms of connectivity and air fares;
3. What is best for taxpayers in terms of the price we can get for the stake;
4. What is best for the economy overall in terms of competitive access to services in and out of Ireland.
