Ryanair bids to buy Aer Lingus
5 October 2006Low-cost airline Ryanair has unveiled an offer worth £1 billion to buy the Irish carrier Aer Lingus.
Chief executive Michael O’Leary said the move represented a “unique opportunity” to form a strong airline for Ireland with more than 50 million passengers annually.
Ryanair has already acquired a 16% stake in Aer Lingus – which was listed on the stock market last month – and will make an offer for the rest in a move valuing the carrier at £1 billion.
source: SouthLondon.co.uk
