KILLARNEY, Ireland, Feb 28 (Reuters) – A senior member of
Ireland’s junior coalition party on Saturday said opposition to
the sale of the state’s 25 percent stake in Aer Lingus
had softened in recent weeks and the party was likely to
ultimately agree to the deal.
Aer Lingus’ board last month recommended that Ireland back a
1.36 billion euro ($1.5 billion) bid for the airline from
British Airways’ owner International Consolidated Airlines
Group (IAG), but the deal has stalled due to political
opposition spearheaded by the centre-left Labour Party.
DUBLIN, Feb 24 (Reuters) – The chief executive of Aer Lingus
warned that the Irish airline’s growth prospects could
be jeopardised if a takeover bid by the owner of British Airways
Aer Lingus’ board last month recommended a 1.36 billion
euros ($1.5 billion) offer from IAG (International Consolidated
Airlines Group), subject to the Irish state selling its
25 percent stake. However, political and trade union opposition
to the deal has been significant.
DUBLIN (Reuters) – Ireland’s new data protection watchdog expects to win the power to levy vast fines on some of the world’s biggest Internet firms under European privacy laws, despite opposition from some larger EU countries who want responsibilities shared more widely.
Helen Dixon took over late last year as Ireland’s data protection commissioner, becoming the lead regulator on privacy issues for Facebook, Apple and Yahoo! because they have declared Ireland as their main base in Europe.
DUBLIN (Reuters) – The chief executive of British Airways owner IAG (ICAG.L: Quote, Profile, Research) told Irish politicians on Thursday that Aer Lingus (AERL.I: Quote, Profile, Research) would struggle to survive if they do not back its bid for the former flag carrier.
Dubliner Walsh, who began his career as an Aer Lingus pilot and was the airline’s chief executive before he moved to British Airways 10 years ago, was back this week campaigning to win over skeptical MPs to IAG’s 1.36 billion-euro offer, which already has the qualified backing of Aer Lingus’s board.
DUBLIN (Reuters) – The owner of British Airways is running out of time to secure Ireland’s Aer Lingus as questions over its commitment to keep jobs and key Heathrow routes stoke opposition from politicians facing a tough election next year.
Aer Lingus’ board recommended the 1.36 billion euro ($1.5 billion) offer from International Consolidated Airlines Group (IAG) last month, subject to the agreement of the Irish state to sell its 25 percent holding.
DUBLIN (Reuters) – Sinn Fein leader Gerry Adams shrugged off the possibility of arch rivals the Democratic Unionist Party propping up a Conservative-led government following upcoming British elections, saying any unionist advantage would be temporary.
As the fourth-largest party in Britain’s lower house with eight seats, the DUP is seen as a potentially key player in coalition talks likely after the UK general election on May 7 which is set to be the most open in years.
DUBLIN (Reuters) – Europe and the “undemocratic” European Central Bank risk fuelling the growth of right wing parties across the continent if they ignore the will of the Greek people, Gerry Adams, leader of Ireland’s leftist Sinn Fein said on Thursday.
The new Greek government’s hopes of renegotiating its debt pile have been doused by its euro zone peers this week and the ECB pulled its funding line for Greek banks.
(Adds demand, detail on pricing)
By Conor Humphries and Abhinav Ramnarayan
DUBLIN/LONDON, Feb 3 (Reuters/IFR) – Ireland saw strong
demand for its first ever 30-year bond on Tuesday as it bid to
lock in record low interest rates that have followed the
European Central Bank’s announcement of a trillion-euro
quantitative easing programme.
Managers saw more than 10 billion euros of demand for the
benchmark issue, far in excess of the 2 billion deal size that
market participants said would be typical of a benchmark 30-year
DUBLIN, Feb 2 (Reuters) – Ireland has mandated bond dealers
to help issue its first 30-year syndicated bond issue in a bid
to lock in record low funding levels following the launch of the
European Central Bank’s quantitative easing programme.
The National Treasury Management Agency (NTMA) said in a
statement it had picked a number of its primary bond dealers to
issue the new benchmark bond “in the near future”, language it
has previously used when selling debt the next day.
DUBLIN, Jan 21 (Reuters) – Having been at the financial
controls since Ryanair’s traffic has climbed from under
1 million passengers a year to over 90 million, Howard Millar is
confident no upstart can repeat that performance.
“That (low-cost) train has left the station a long time ago
and I think it will be increasingly difficult for start-ups to
gain any traction,” he told Reuters on the sidelines of an
annual aviation finance gathering in Dublin.