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Ryanair CEO eyes government sale of Aer Lingus

20-Oct-2010 12:11 PM

Ryanair CEO Michael O'Leary stated he hopes the Irish government's financial problems will encourage it to divest its stake in national carrier Aer Lingus (Frankfurter Allgemeine Zeitung, 19-Oct-2010). Ryanair, which owns 30% of Aer Lingus, has made two attempts to take over the airline but has been repeatedly knocked back by the Government, which holds a 25% stake. Mr O'Leary stated he would expand Aer Lingus “as quickly as possible” following any deal, as he would have access to Paris CDG and have the option of acquiring A320 aircraft.