The Irish Independent reported that the country’s Transport Minister, Paschal Donohoe, was set to address Cabinet.
The decision followed assurances provided by IAG guaranteeing to maintain routes between Ireland and London for seven years as a condition of sale, the paper reported. The bid itself is valued at EUR 1.4 billion (AUD 1.96 billion).
The paper reported that any agreement would be conditional on a veto over any sale of the Aer Lingus slots at Heathrow.
IAG boss Willie Walsh has pledged to offer legally-binding agreements to Ireland’s government, the paper reported.
Walsh said IAG felt its proposal “would secure and strengthen Aer Lingus’s long-term future and brand as a member of a successful and profitable European airline group, offering significant benefits to both Aer Lingus and its customers”.
Written by Peter Needham