In an expected move, the Aer Lingus (EI) board has rejected the third attempt by low-cost carrier (LCC) Ryanair (FR) to take over the company, saying the bid undervalued the Irish flag-carrier.
Aer Lingus A330-200. By Rob Finlayson In an expected move, the Aer Lingus (EI) board has rejected the third attempt by low-cost carrier (LCC) Ryanair (FR) to take over the company, saying the bid undervalued the Irish flag-carrier (ATW Daily News, June 19). According to an EI statement, its management team “has delivered a significantly improved operational and financial performance since 2009, transforming Aer Lingus into a robust, profitable airline.” It also ...
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