The Irish government yesterday rejected Ryanair's €1.40 ($1.81)-per-share offer for its 25% stake in Aer Lingus, killing off the LCCs bid, which required 90% acceptance. Ryanair said it "will respect and abide by" the decision but continued to claim that its offer, which valued EI at €748 million, "greatly exceeds the intrinsic value" of its smaller rival. Yesterday, EI announced a new transatlantic joint venture with United Airlines scheduled to launch in March 2010 (see story ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.