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20-Oct-2010 12:11 PM

Ryanair CEO eyes government sale of Aer Lingus

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.