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Aer Lingus rejects Ryanair’s pay-out call

29 September 2011

Aer Lingus has rejected calls by Ryanair, its largest shareholder, for the Irish flag-carrier to pay a special dividend.

Colm Barrington, Aer Lingus chairman, has told Ryanair that the carrier’s board is sticking by its view of May’s annual meeting that a dividend should be considered once a “more durable” economic recovery is apparent.

Aer Lingus and Ryanair have been locked in a fractious relationship since Europe’s largest low-cost airline by revenue launched the first of two failed takeover bids in 2006. Both bids faltered after objections by the Irish government and European competition authorities.

source: FT.com

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