Aer Lingus and the Irish government yesterday formally announced details of their plan to float more than 50% of the government's shares in the airline on the Dublin and London stock exchanges in late September. Net proceeds of the IPO will be used primarily to finance expansion of the carrier's short-haul and long-haul fleets in addition to a one-off pension contribution. The sale is expected to raise €400-€500 million ($509.9-$637.4 million) in fresh equity. Aer Lingus intends ...

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