State-owned Irish flag-carrier Aer Lingus will take around six months to find an investor and strategic alliance partner after getting the go-ahead for partial privatisation, the Irish Government has predicted.
Dublin has given Aer Lingus the green light to press on with efforts to enter a global alliance and find a partner willing to take an equity stake after receiving the results of an independent report into the viability of such a strategy.
Irish public enterprise minister Mary O'Rourke says that with a decision on the way forward for Aer Lingus now taken, the process has moved on to "stage two", in which the terms and conditions of any future deal will be agreed by Dublin in conjunction with the carrier, and a strategic partner sought.
Source: Flight Daily News
