Aer Lingus shareholders give go-ahead for IAG takeover

Thursday, 17 Jul, 2015 0

Aer Lingus shareholders approved a takeover by British Airways parent IAG at an extraordinary general meeting yesterday.

They passed four resolutions that will allow the €1.3bn (£940m) deal to go ahead.

Earlier this week, the European Commission cleared the way for the takeover and US Department of Justice has also rubber stamped it.

Under the conditions, IAG will have to give up five daily slots at Gatwick.

Ryanair has already confirmed it will be bidding for some of these slots.

IAG has also entered into agreements with rival airlines that operate long-haul flights out of the UK, the Netherlands and Ireland committing Aer Lingus to providing them with connecting passengers.
 



 

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



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