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Government more open to Ryanair’s Aer Lingus bid

8 December 2008

Irish government opposition is weakening to Ryanair’s 750 million euro ($952 million) bid for former state airline Aer Lingus.

The government, which owns more than 25 percent of the loss-making flag carrier, opposed Ryanair’s 2006 bid for Aer Lingus, which was blocked by the European Union on competition grounds.

A spokeswoman for the transport ministry said it would not comment until Ryanair submits its formal bid for Aer Lingus. Europe’s biggest budget airline said on Thursday it would publish the formal bid within the next two weeks.

source: Reuters

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